BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 28.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,578,309 shares of the investment management company’s stock after selling 640,696 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $13,021,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of BDJ. Wells Fargo & Company MN lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after purchasing an additional 678,231 shares during the period. Invesco Ltd. lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 35.4% in the third quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after purchasing an additional 623,219 shares during the period. Raymond James & Associates lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 3.6% in the fourth quarter. Raymond James & Associates now owns 2,182,631 shares of the investment management company’s stock worth $16,784,000 after purchasing an additional 76,438 shares during the period. LPL Financial LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 3.1% in the third quarter. LPL Financial LLC now owns 1,300,156 shares of the investment management company’s stock worth $9,894,000 after purchasing an additional 39,227 shares during the period. Finally, UBS Group AG lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 11.8% in the third quarter. UBS Group AG now owns 1,269,811 shares of the investment management company’s stock worth $9,663,000 after purchasing an additional 133,667 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock traded up $0.09 during trading on Friday, hitting $8.14. The company had a trading volume of 323,342 shares, compared to its average volume of 515,905. The business has a 50 day moving average of $8.08 and a 200 day moving average of $7.82. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.43.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.056 dividend. This represents a $0.67 annualized dividend and a yield of 8.26%. The ex-dividend date is Tuesday, May 14th.

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.