PMG Family Office LLC Invests $1.14 Million in BlackRock Enhanced Equity Dividend Trust $BDJ

PMG Family Office LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 124,563 shares of the investment management company’s stock, valued at approximately $1,135,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. United Financial Planning Group LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $32,000. Larson Financial Group LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $48,000. Ameriflex Group Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $57,000. Finally, MAI Capital Management increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 50.3% in the second quarter. MAI Capital Management now owns 6,997 shares of the investment management company’s stock valued at $62,000 after purchasing an additional 2,341 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.84 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.16 and a 12 month high of $9.76. The business has a 50 day simple moving average of $9.46 and a 200-day simple moving average of $9.23.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0619 dividend. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Monday, June 15th.

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.