ELCO Management Co. LLC Sells 5,596 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

ELCO Management Co. LLC lessened its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,588 shares of the investment management company’s stock after selling 5,596 shares during the quarter. ELCO Management Co. LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $323,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at approximately $34,000. CWM LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 32.9% during the 2nd quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,065 shares during the last quarter. NCM Capital Management LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at about $78,000. Diversify Advisory Services LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter valued at about $84,000. Finally, First Heartland Consultants Inc. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter worth about $86,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.5 %

Shares of BDJ stock opened at $8.60 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $6.91 and a 12 month high of $8.66. The stock has a 50 day moving average of $8.39 and a 200-day moving average of $8.24.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0562 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Friday, November 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.