Kingswood Wealth Advisors LLC Sells 5,667 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Kingswood Wealth Advisors LLC reduced its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,791 shares of the investment management company’s stock after selling 5,667 shares during the period. Kingswood Wealth Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $975,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after purchasing an additional 412,499 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $2,770,000. International Assets Investment Management LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% during the third quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after purchasing an additional 303,480 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $1,124,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at approximately $1,012,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ opened at $8.78 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.79 and a 1 year high of $9.07. The stock’s 50 day simple moving average is $8.60 and its 200-day simple moving average is $8.56.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0619 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Wednesday, January 15th. This represents a $0.74 annualized dividend and a yield of 8.46%.

About BlackRock Enhanced Equity Dividend Trust

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.