Investment Partners Asset Management Inc. Sells 2,696 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Investment Partners Asset Management Inc. lessened its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,215 shares of the investment management company’s stock after selling 2,696 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BDJ. Brown Brothers Harriman & Co. purchased a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at $43,000. JPMorgan Chase & Co. lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after buying an additional 5,114 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $98,000. Icon Wealth Advisors LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at approximately $118,000. Finally, Western Financial Corp CA purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $125,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE BDJ opened at $8.89 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07. The company’s 50 day moving average is $8.59 and its two-hundred day moving average is $8.60.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a dividend yield of 8.36%. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, February 14th.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.