Virtu Financial LLC Purchases Shares of 14,305 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Virtu Financial LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,305 shares of the investment management company’s stock, valued at approximately $118,000.

Several other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 57.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after purchasing an additional 96,332 shares in the last quarter. HighTower Advisors LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 25.7% in the third quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock valued at $323,000 after acquiring an additional 7,638 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,114 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% in the 4th quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock valued at $216,000 after purchasing an additional 11,575 shares during the last quarter. Finally, Western Financial Corp CA acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $125,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.5 %

BlackRock Enhanced Equity Dividend Trust stock opened at $8.63 on Monday. The company has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $8.68. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.80 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0619 per share. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a dividend yield of 8.61%. The ex-dividend date is Friday, March 14th.

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.