Wolverine Asset Management LLC Sells 440,609 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Wolverine Asset Management LLC lowered its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 74.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,615 shares of the investment management company’s stock after selling 440,609 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BDJ. Prevail Innovative Wealth Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter valued at $891,000. Spirepoint Private Client LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the first quarter valued at $87,000. Cornerstone Advisors LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 23.0% during the first quarter. Cornerstone Advisors LLC now owns 1,463,595 shares of the investment management company’s stock valued at $12,075,000 after buying an additional 273,706 shares during the period. Advisors Asset Management Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 25.6% during the first quarter. Advisors Asset Management Inc. now owns 884,626 shares of the investment management company’s stock valued at $7,298,000 after buying an additional 180,266 shares during the period. Finally, Comerica Bank boosted its stake in BlackRock Enhanced Equity Dividend Trust by 5.7% during the first quarter. Comerica Bank now owns 49,253 shares of the investment management company’s stock valued at $406,000 after buying an additional 2,636 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ opened at $8.81 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.34 and a 52-week high of $8.94. The stock has a fifty day moving average of $8.63 and a 200 day moving average of $8.38.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0562 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 7.65%.

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.