Palogic Value Management L.P. Purchases New Shares in BlackRock Enhanced Equity Dividend Trust $BDJ

Palogic Value Management L.P. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 57,000 shares of the investment management company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BDJ. Allworth Financial LP raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% in the fourth quarter. Allworth Financial LP now owns 46,731 shares of the investment management company’s stock valued at $443,000 after buying an additional 1,124 shares in the last quarter. Truist Financial Corp grew its position in BlackRock Enhanced Equity Dividend Trust by 2.5% during the fourth quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock worth $478,000 after buying an additional 1,210 shares in the last quarter. Franklin Resources Inc. grew its position in BlackRock Enhanced Equity Dividend Trust by 11.4% during the second quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock worth $111,000 after buying an additional 1,281 shares in the last quarter. ELCO Management Co. LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 5.5% during the 4th quarter. ELCO Management Co. LLC now owns 24,963 shares of the investment management company’s stock worth $237,000 after acquiring an additional 1,300 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Kestra Advisory Services LLC now owns 57,521 shares of the investment management company’s stock worth $545,000 after acquiring an additional 1,480 shares during the period.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.2%

NYSE:BDJ opened at $9.82 on Thursday. The stock has a fifty day moving average price of $9.66 and a 200-day moving average price of $9.34. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.95.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.6%.

About BlackRock Enhanced Equity Dividend Trust

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.