BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. cut its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 32.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,316 shares of the investment management company’s stock after selling 24,316 shares during the period. Sunbelt Securities Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in shares of 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 valued at $24,600,000 after purchasing an additional 678,231 shares during the last quarter. Invesco Ltd. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 35.4% during the third quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after buying an additional 623,219 shares during the period. Raymond James & Associates increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.6% during the fourth quarter. Raymond James & Associates now owns 2,182,631 shares of the investment management company’s stock valued at $16,784,000 after acquiring an additional 76,438 shares during the last quarter. LPL Financial LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% in the 3rd quarter. LPL Financial LLC now owns 1,300,156 shares of the investment management company’s stock valued at $9,894,000 after acquiring an additional 39,227 shares during the period. Finally, Cornerstone Advisors LLC lifted its holdings in shares of 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 acquiring an additional 655,731 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.1 %

BlackRock Enhanced Equity Dividend Trust stock opened at $8.13 on Friday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.43. The firm has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.02.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.056 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.27%.

BlackRock Enhanced Equity Dividend Trust 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.