Polar Asset Management Partners Inc. Buys Shares of 130,000 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Polar Asset Management Partners Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 130,000 shares of the investment management company’s stock, valued at approximately $1,124,000.

Several other hedge funds and other institutional investors have also modified their holdings of BDJ. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth about $43,000. CWM LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% in the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,065 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth approximately $86,000. Kapstone Financial Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter valued at approximately $89,000. Finally, Icon Wealth Advisors LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $118,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.1 %

BDJ stock opened at $8.87 on Friday. The company has a 50 day moving average of $8.78 and a two-hundred day moving average of $8.47. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.60 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.0619 per share. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.74 dividend on an annualized basis and a yield of 8.37%.

About BlackRock Enhanced Equity Dividend Trust

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.