Wedbush Securities Inc. Acquires New Position in BlackRock Enhanced Equity Dividend Trust $BDJ

Wedbush Securities Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, HoldingsChannel reports. The fund acquired 71,347 shares of the investment management company’s stock, valued at approximately $671,000.

Other hedge funds also recently modified their holdings of the company. Boothe Investment Group Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 7.0% during the third quarter. Boothe Investment Group Inc. now owns 641,972 shares of the investment management company’s stock worth $6,035,000 after acquiring an additional 42,132 shares in the last quarter. New England Private Wealth Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at about $122,000. Greg Jennings LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at about $603,000. Saxony Capital Management LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 3.6% during the third quarter. Saxony Capital Management LLC now owns 43,293 shares of the investment management company’s stock valued at $407,000 after purchasing an additional 1,500 shares during the period. Finally, Signal Advisors Wealth LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 53.3% during the 3rd quarter. Signal Advisors Wealth LLC now owns 53,067 shares of the investment management company’s stock worth $499,000 after purchasing an additional 18,448 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock opened at $9.54 on Tuesday. The company’s 50-day moving average is $9.64 and its 200-day moving average is $9.42. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.42 and a 1 year high of $9.95.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0619 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end investment fund managed by BlackRock Advisors, an affiliate of BlackRock, Inc The fund seeks to provide current income and current gains, with long-term capital appreciation as a secondary objective.

BDJ invests primarily in dividend-paying equity securities issued by companies in the United States and other countries. Its portfolio may include companies across a range of industries and geographic markets, with an emphasis on businesses that offer the potential for dividend income and capital appreciation.

To support its income-oriented strategy, the fund may write covered call options on a portion of its equity portfolio.