BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.22 and traded as low as $9.15. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.1550, with a volume of 340,794 shares.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.6%

The firm’s fifty day moving average is $8.99 and its 200-day moving average is $9.22.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.0619 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. United Financial Planning Group LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $26,000. Harbor Investment Advisory LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $28,000. Western Wealth Management LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth approximately $28,000. Atlantic Union Bankshares Corp bought a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $32,000. Finally, Global Assets Advisory LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth $34,000.

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.