Sterling Financial Planning Inc. Makes New Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Sterling Financial Planning Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,831 shares of the investment management company’s stock, valued at approximately $106,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BDJ. Wells Fargo & Company MN raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% in the second quarter. Wells Fargo & Company MN now owns 2,413,563 shares of the investment management company’s stock valued at $20,129,000 after purchasing an additional 71,952 shares during the period. Invesco Ltd. raised its position in shares of 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 valued at $18,156,000 after purchasing an additional 623,219 shares during the period. Raymond James & Associates raised its position in shares of 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 valued at $16,784,000 after purchasing an additional 76,438 shares during the period. Guggenheim Capital LLC raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.4% in the first quarter. Guggenheim Capital LLC now owns 1,601,156 shares of the investment management company’s stock valued at $15,852,000 after purchasing an additional 52,939 shares during the period. Finally, LPL Financial LLC raised its position in shares of 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 valued at $9,894,000 after purchasing an additional 39,227 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ traded up $0.03 during trading hours on Thursday, hitting $7.89. The company had a trading volume of 268,625 shares, compared to its average volume of 537,755. The business has a fifty day moving average of $8.07 and a 200-day moving average of $7.78. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $6.91 and a 12 month high of $8.57.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Enhanced Equity Dividend Trust 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.