Waterfront Wealth Inc. Purchases 225,076 Shares of BlackRock Enhanced Equity Dividend Trust $BDJ

Waterfront Wealth Inc. increased its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 32.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 915,733 shares of the investment management company’s stock after purchasing an additional 225,076 shares during the quarter. BlackRock Enhanced Equity Dividend Trust makes up approximately 1.7% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 10th largest position. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $8,219,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $32,000. MAI Capital Management lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 50.3% in the second quarter. MAI Capital Management now owns 6,997 shares of the investment management company’s stock worth $62,000 after buying an additional 2,341 shares in the last quarter. Kovack Advisors Inc. acquired a new position in BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $91,000. World Investment Advisors acquired a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $99,000. Finally, Transcend Capital Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at about $102,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 1.2%

BDJ stock opened at $9.70 on Monday. The firm has a 50-day moving average of $9.41 and a two-hundred day moving average of $9.13. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.16 and a 12 month high of $9.71.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0619 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Enhanced Equity Dividend Trust Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.