Sunbelt Securities Inc. Raises Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Sunbelt Securities Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,134 shares of the investment management company’s stock after purchasing an additional 1,440 shares during the quarter. Sunbelt Securities Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $183,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Kovitz Investment Group Partners LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $2,770,000. Stifel Financial Corp lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% during the 3rd quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock valued at $8,624,000 after buying an additional 22,548 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $1,124,000. IHT Wealth Management LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 55.8% during the third quarter. IHT Wealth Management LLC now owns 192,909 shares of the investment management company’s stock valued at $1,669,000 after acquiring an additional 69,100 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 25.7% in the third quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock worth $323,000 after acquiring an additional 7,638 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE BDJ opened at $8.60 on Friday. The business has a fifty day moving average price of $8.79 and a 200 day moving average price of $8.49. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.65 and a one year 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. Investors of record on Monday, December 16th will be paid a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a yield of 8.64%. The ex-dividend date is Monday, December 16th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.