BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Crosses Below 200 Day Moving Average – What’s Next?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.22 and traded as low as $9.15. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.1550, with a volume of 340,794 shares changing hands.

BlackRock Enhanced Equity Dividend Trust Price Performance

The company has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $9.22.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds have recently bought and sold shares of the business. United Financial Planning Group LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $26,000. Harbor Investment Advisory LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $28,000. Western Wealth Management LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $28,000. Atlantic Union Bankshares Corp bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $32,000. Finally, Global Assets Advisory LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $34,000.

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.