IHT Wealth Management LLC Acquires 69,100 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

IHT Wealth Management LLC boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 55.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 192,909 shares of the investment management company’s stock after buying an additional 69,100 shares during the quarter. IHT Wealth Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BDJ. Brown Brothers Harriman & Co. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth $43,000. CWM LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 32.9% during the 2nd quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,065 shares during the period. First Heartland Consultants Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $86,000. Kapstone Financial Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at about $89,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $118,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.1 %

Shares of BDJ stock opened at $8.87 on Friday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.60 and a fifty-two week high of $9.07. The stock has a 50 day simple moving average of $8.78 and a two-hundred day simple moving average of $8.47.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.0619 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date is Monday, December 16th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.