Boothe Investment Group Inc. Increases Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Boothe Investment Group Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 570,806 shares of the investment management company’s stock after buying an additional 42,805 shares during the period. BlackRock Enhanced Equity Dividend Trust accounts for 2.1% of Boothe Investment Group Inc.’s portfolio, making the stock its 21st biggest position. Boothe Investment Group Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $4,726,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BDJ. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after buying an additional 412,499 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $2,770,000. International Assets Investment Management LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% during the third 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 in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $1,124,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after purchasing an additional 96,332 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE BDJ opened at $8.82 on Monday. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.80 and a twelve month high of $9.07. The stock’s 50 day moving average is $8.61 and its 200 day moving average is $8.63.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a dividend yield of 8.43%.

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.