BlackRock Enhanced Equity Dividend Trust $BDJ Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. reduced its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 778,390 shares of the investment management company’s stock after selling 137,343 shares during the period. BlackRock Enhanced Equity Dividend Trust comprises 1.4% of Waterfront Wealth Inc.’s holdings, making the stock its 14th largest position. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $7,386,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 15.6% in the second quarter. Osaic Holdings Inc. now owns 401,644 shares of the investment management company’s stock valued at $3,571,000 after purchasing an additional 54,324 shares during the period. Envestnet Asset Management Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 235.7% in the third quarter. Envestnet Asset Management Inc. now owns 137,575 shares of the investment management company’s stock valued at $1,253,000 after purchasing an additional 96,597 shares during the period. PMG Family Office LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $1,135,000. PVG Asset Management Corp acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $724,000. Finally, Farther Finance Advisors LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 2.6% in the third quarter. Farther Finance Advisors LLC now owns 64,801 shares of the investment management company’s stock valued at $590,000 after purchasing an additional 1,633 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ opened at $9.20 on Monday. The stock’s 50 day moving average is $9.15 and its two-hundred day moving average is $9.20. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.76 and a 12 month high of $9.76.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0619 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

About BlackRock Enhanced Equity Dividend Trust

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.