BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Corrado Advisors LLC

Corrado Advisors LLC lowered its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 24.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,305 shares of the investment management company’s stock after selling 9,355 shares during the quarter. Corrado Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDJ. Kovitz Investment Group Partners LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at $2,770,000. Polar Asset Management Partners Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $1,124,000. Janney Montgomery Scott LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 57.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after buying an additional 96,332 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 61.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 233,094 shares of the investment management company’s stock worth $1,930,000 after buying an additional 88,995 shares during the last quarter. Finally, IHT Wealth Management LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 55.8% during the 3rd quarter. IHT Wealth Management LLC now owns 192,909 shares of the investment management company’s stock worth $1,669,000 after buying an additional 69,100 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $8.77 on Thursday. The business has a 50 day simple moving average of $8.63 and a two-hundred day simple moving average of $8.64. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.0619 dividend. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.47%. The ex-dividend date is Friday, February 14th.

About BlackRock Enhanced Equity Dividend Trust

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.