Cove Private Wealth LLC Buys Shares of 45,237 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Cove Private Wealth LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,237 shares of the investment management company’s stock, valued at approximately $375,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates raised its stake in BlackRock Enhanced Equity Dividend Trust by 2.1% during the 3rd quarter. Raymond James & Associates now owns 2,082,445 shares of the investment management company’s stock worth $18,013,000 after buying an additional 43,766 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 4.0% in the third quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock worth $9,368,000 after acquiring an additional 41,426 shares in the last quarter. Stifel Financial Corp raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% during the third quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock worth $8,624,000 after purchasing an additional 22,548 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after purchasing an additional 412,499 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% in the 3rd quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after purchasing an additional 303,480 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE BDJ opened at $8.66 on Monday. The business has a 50 day simple moving average of $8.63 and a 200 day simple moving average of $8.54. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.71 and a 52-week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0619 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.58%.

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.