Kapstone Financial Advisors LLC Boosts Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Kapstone Financial Advisors LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 54.4% during the fourth quarter, HoldingsChannel reports. The firm owned 18,161 shares of the investment management company’s stock after purchasing an additional 6,400 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $532,000. Heritage Wealth Management Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $156,000. XML Financial LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 30.7% in the 3rd quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock worth $178,000 after buying an additional 4,837 shares during the period. Tyler Stone Wealth Management grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 93.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock worth $549,000 after buying an additional 30,735 shares during the period. Finally, Ashton Thomas Securities LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 7.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 74,876 shares of the investment management company’s stock worth $648,000 after acquiring an additional 5,000 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ opened at $8.87 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07. The company’s 50-day simple moving average is $8.67 and its 200 day simple moving average is $8.66.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.0619 dividend. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend was Friday, February 14th.

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.