BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 59.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,042 shares of the investment management company’s stock after selling 16,452 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $95,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $43,000. First Heartland Consultants Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $86,000. Kapstone Financial Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth approximately $89,000. Arete Wealth Advisors LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth approximately $98,000. Finally, Icon Wealth Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $118,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock opened at $8.23 on Monday. The business has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $8.50. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.65 and a twelve month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.0619 per share. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 9.03%. The ex-dividend date of this dividend is Monday, December 16th.

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.