Sanctuary Advisors LLC Has $1.05 Million Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Sanctuary Advisors LLC lessened its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 5.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 118,936 shares of the investment management company’s stock after selling 7,221 shares during the quarter. Sanctuary Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter worth $98,000. Sunbelt Securities Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 7.3% during the third quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 1,440 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $2,770,000. Stifel Financial Corp increased its position in BlackRock Enhanced Equity Dividend Trust by 2.3% in the 3rd quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock worth $8,624,000 after purchasing an additional 22,548 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $1,124,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of NYSE BDJ opened at $8.23 on Friday. The business has a 50 day simple moving average of $8.75 and a 200 day simple moving average of $8.50. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.65 and a 52 week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.0619 per share. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.74 annualized dividend and a dividend yield of 9.03%.

BlackRock Enhanced Equity Dividend Trust 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.