BlackRock Enhanced Equity Dividend Trust $BDJ Shares Newly Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,347 shares of the investment management company’s stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BDJ. Saxony Capital Management LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 3.6% during the 3rd quarter. Saxony Capital Management LLC now owns 43,293 shares of the investment management company’s stock worth $407,000 after purchasing an additional 1,500 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 6.5% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 37,669 shares of the investment management company’s stock worth $360,000 after buying an additional 2,305 shares during the period. NewEdge Advisors LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 2.2% during the first quarter. NewEdge Advisors LLC now owns 131,321 shares of the investment management company’s stock worth $1,132,000 after buying an additional 2,811 shares during the last quarter. Private Advisor Group LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 6.0% during the first quarter. Private Advisor Group LLC now owns 51,494 shares of the investment management company’s stock worth $444,000 after buying an additional 2,913 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 8.6% during the third quarter. Venture Visionary Partners LLC now owns 39,376 shares of the investment management company’s stock worth $370,000 after buying an additional 3,130 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $9.54 on Tuesday. The company’s fifty day simple moving average is $9.64 and its 200 day simple moving average is $9.42. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $8.42 and a 12-month high of $9.95.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0619 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.74 annualized dividend and a dividend yield of 7.8%.

BlackRock Enhanced Equity Dividend Trust Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end investment fund managed by BlackRock Advisors, an affiliate of BlackRock, Inc The fund seeks to provide current income and current gains, with long-term capital appreciation as a secondary objective.

BDJ invests primarily in dividend-paying equity securities issued by companies in the United States and other countries. Its portfolio may include companies across a range of industries and geographic markets, with an emphasis on businesses that offer the potential for dividend income and capital appreciation.

To support its income-oriented strategy, the fund may write covered call options on a portion of its equity portfolio.