BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. trimmed its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,246 shares of the investment management company’s stock after selling 2,797 shares during the period. Wedbush Securities Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $135,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BDJ. Summit Securities Group LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $38,000. JPMorgan Chase & Co. raised its position in BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the period. Franklin Resources Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $92,000. GWN Securities Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth about $94,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter worth about $98,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 2.6 %

Shares of NYSE:BDJ opened at $7.97 on Friday. The business’s 50-day simple moving average is $8.62 and its 200 day simple moving average is $8.65. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0619 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 9.32%.

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.