PVG Asset Management Corp Invests $724,000 in BlackRock Enhanced Equity Dividend Trust $BDJ

PVG Asset Management Corp bought a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 79,426 shares of the investment management company’s stock, valued at approximately $724,000. BlackRock Enhanced Equity Dividend Trust accounts for about 2.7% of PVG Asset Management Corp’s portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Financial Planning Group LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter worth about $32,000. Larson Financial Group LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter worth about $48,000. Ameriflex Group Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $57,000. Finally, MAI Capital Management grew 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 valued at $62,000 after buying an additional 2,341 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Down 1.0%

Shares of NYSE:BDJ opened at $8.84 on Thursday. The business’s 50-day simple moving average is $9.46 and its 200 day simple moving average is $9.23. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0619 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.4%.

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.