Waterfront Wealth Inc. Acquires 59,268 Shares of BlackRock Enhanced Equity Dividend Trust $BDJ

Waterfront Wealth Inc. lifted its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 837,658 shares of the investment management company’s stock after purchasing an additional 59,268 shares during the quarter. BlackRock Enhanced Equity Dividend Trust accounts for about 1.3% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 14th biggest holding. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $7,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BDJ. Kestra Advisory Services LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 102.0% in the 1st quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock worth $1,001,000 after buying an additional 58,660 shares during the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at about $86,000. Westbourne Investment Advisors Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth approximately $97,000. Private Advisor Group LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 6.0% in the first quarter. Private Advisor Group LLC now owns 51,494 shares of the investment management company’s stock worth $444,000 after acquiring an additional 2,913 shares during the period. Finally, SOL Capital Management CO purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter valued at approximately $3,168,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $9.63 on Friday. The company’s 50 day moving average is $9.28 and its 200 day moving average is $9.28. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $8.42 and a twelve month high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0619 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

BlackRock Enhanced Equity Dividend Trust Company 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.