Park Avenue Securities LLC Purchases New Shares in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Park Avenue Securities LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,793 shares of the investment management company’s stock, valued at approximately $89,000.

A number of other hedge funds have also recently bought and sold shares of BDJ. Wells Fargo & Company MN boosted its position 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 valued at $24,600,000 after buying an additional 678,231 shares during the last quarter. Cornerstone Advisors LLC boosted its position 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 valued at $9,150,000 after buying an additional 655,731 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $2,065,000. International Assets Investment Management LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 776.1% in the 4th quarter. International Assets Investment Management LLC now owns 156,847 shares of the investment management company’s stock worth $1,206,000 after purchasing an additional 138,944 shares during the last quarter. Finally, Claro Advisors LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 814.6% in the 4th quarter. Claro Advisors LLC now owns 143,594 shares of the investment management company’s stock worth $1,104,000 after purchasing an additional 127,894 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE:BDJ opened at $8.21 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $6.91 and a 12-month high of $8.43. The stock’s fifty day simple moving average is $8.17 and its 200-day simple moving average is $8.04.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.0562 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06. This represents a $0.67 annualized dividend and a dividend yield of 8.21%. The ex-dividend date is Monday, July 15th.

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.