NBC Securities Inc. Decreases Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

NBC Securities Inc. cut its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 3.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 95,722 shares of the investment management company’s stock after selling 3,452 shares during the quarter. NBC Securities Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BDJ. Wells Fargo & Company MN lifted its stake in BlackRock Enhanced Equity Dividend Trust by 26.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after purchasing an additional 678,231 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 122.8% in the 4th quarter. Cornerstone Advisors LLC now owns 1,189,889 shares of the investment management company’s stock worth $9,150,000 after purchasing an additional 655,731 shares in the last quarter. Invesco Ltd. lifted its stake in BlackRock Enhanced Equity Dividend Trust by 35.4% in the 3rd quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after purchasing an additional 623,219 shares in the last quarter. AQR Arbitrage LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at approximately $3,564,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at approximately $2,065,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.9 %

BDJ stock opened at $8.09 on Thursday. BlackRock Enhanced Equity Dividend Trust has a one year low of $6.91 and a one year high of $8.43. The firm’s 50 day moving average price is $8.13 and its 200-day moving average price is $8.01.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.056 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.67 annualized dividend and a yield of 8.31%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.