Baird Financial Group Inc. Sells 2,136 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Baird Financial Group Inc. decreased its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,378 shares of the investment management company’s stock after selling 2,136 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $2,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 57.3% in the fourth 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 during the period. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 5,114 shares during the period. LPL Financial LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 2.1% in the fourth quarter. LPL Financial LLC now owns 1,455,651 shares of the investment management company’s stock valued at $12,053,000 after buying an additional 30,320 shares during the period. Ashton Thomas Securities LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 1.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 76,026 shares of the investment management company’s stock valued at $629,000 after buying an additional 1,150 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 79.9% in the fourth quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock valued at $216,000 after buying an additional 11,575 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $8.50 on Monday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.16 and a 12-month high of $9.07. The company’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.58.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.0619 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.74 annualized dividend and a yield of 8.74%.

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.