SOL Capital Management CO Acquires Shares of 381,271 BlackRock Enhanced Equity Dividend Trust $BDJ

SOL Capital Management CO acquired a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 381,271 shares of the investment management company’s stock, valued at approximately $3,168,000. BlackRock Enhanced Equity Dividend Trust accounts for about 1.4% of SOL Capital Management CO’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. United Financial Planning Group LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $26,000. Harbor Investment Advisory LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,000. Optima Capital LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $35,000. Global Wealth Strategies & Associates acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $37,000. Finally, Larson Financial Group LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter worth approximately $48,000.

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BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ opened at $9.64 on Friday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $8.42 and a 12-month high of $9.76. The business has a 50 day moving average of $9.23 and a 200-day moving average of $9.27.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0619 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Enhanced Equity Dividend Trust Profile

(Free Report)

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.

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