Waterfront Wealth Inc. Purchases 59,268 Shares of BlackRock Enhanced Equity Dividend Trust $BDJ

Waterfront Wealth Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 837,658 shares of the investment management company’s stock after purchasing an additional 59,268 shares during the quarter. BlackRock Enhanced Equity Dividend Trust makes up approximately 1.3% of Waterfront Wealth Inc.’s holdings, making the stock its 14th biggest position. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $7,221,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Kestra Advisory Services LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 102.0% in the first quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock worth $1,001,000 after buying an additional 58,660 shares during the last quarter. Integrated Advisors Network LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth approximately $86,000. Westbourne Investment Advisors Inc. bought a new position in BlackRock Enhanced Equity Dividend Trust in the first quarter worth approximately $97,000. Private Advisor Group LLC boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 6.0% during the 1st quarter. Private Advisor Group LLC now owns 51,494 shares of the investment management company’s stock worth $444,000 after acquiring an additional 2,913 shares during the last quarter. Finally, SOL Capital Management CO purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $3,168,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ stock opened at $9.63 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.42 and a 1 year high of $9.76. The firm has a fifty day moving average price of $9.28 and a 200-day moving average price of $9.28.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced 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 is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.7%.

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.