57,000 Shares in BlackRock Enhanced Equity Dividend Trust $BDJ Bought by Palogic Value Management L.P.

Palogic Value Management L.P. acquired a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 2nd quarter, Holdings Channel reports. The fund acquired 57,000 shares of the investment management company’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Waterfront Wealth Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 7.6% during the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock worth $7,221,000 after buying an additional 59,268 shares during the period. Kestra Advisory Services LLC increased its position in BlackRock Enhanced Equity Dividend Trust by 102.0% in the 1st quarter. Kestra Advisory Services LLC now owns 116,181 shares of the investment management company’s stock valued at $1,001,000 after acquiring an additional 58,660 shares during the period. UBS Group AG increased its position in BlackRock Enhanced Equity Dividend Trust by 9.9% in the 4th quarter. UBS Group AG now owns 700,242 shares of the investment management company’s stock valued at $6,638,000 after acquiring an additional 62,974 shares during the period. OMC Financial Services LTD acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at approximately $637,000. Finally, SOL Capital Management CO bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter valued at $3,168,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.2%

Shares of NYSE:BDJ opened at $9.82 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $8.42 and a 52 week high of $9.95. The firm’s fifty day moving average is $9.66 and its 200-day moving average is $9.34.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

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. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Enhanced Equity Dividend Trust 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.