Icon Wealth Advisors LLC Makes New Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Icon Wealth Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, Holdings Channel reports. The fund bought 13,645 shares of the investment management company’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.7% in the 1st quarter. Comerica Bank now owns 49,253 shares of the investment management company’s stock valued at $406,000 after acquiring an additional 2,636 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at $147,000. Cetera Investment Advisers boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 1,193.8% in the first quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock worth $1,785,000 after acquiring an additional 199,689 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 26.9% during the first quarter. Cetera Advisors LLC now owns 22,673 shares of the investment management company’s stock worth $187,000 after buying an additional 4,809 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth about $934,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.2 %

BDJ stock opened at $8.99 on Friday. The firm’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $8.46. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a $0.0619 dividend. 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 yield of 8.26%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Enhanced Equity Dividend Trust Company 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.