Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $280,000 Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors reduced its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,368 shares of the investment management company’s stock after selling 3,065 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in BlackRock Enhanced Equity Dividend Trust were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BDJ. Invesco Ltd. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 35.4% in the third quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after buying an additional 623,219 shares during the last quarter. Saxon Interests Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth $682,000. D.A. Davidson & CO. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 19.3% in the third quarter. D.A. Davidson & CO. now owns 48,658 shares of the investment management company’s stock worth $370,000 after buying an additional 7,875 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter worth $223,000. Finally, Claro Advisors LLC lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 814.6% in the fourth quarter. Claro Advisors LLC now owns 143,594 shares of the investment management company’s stock worth $1,104,000 after buying an additional 127,894 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $7.81 on Tuesday. The firm has a fifty day simple moving average of $8.07 and a 200-day simple moving average of $7.78. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Enhanced Equity Dividend Trust Company 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.