Saxony Capital Management LLC Sells 1,806 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Saxony Capital Management LLC decreased its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,309 shares of the investment management company’s stock after selling 1,806 shares during the quarter. Saxony Capital Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $367,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $43,000. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 5,114 shares during the period. Arete Wealth Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $98,000. Icon Wealth Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $118,000. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $156,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3 %

Shares of BDJ stock opened at $8.83 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07. The firm has a 50 day moving average of $8.60 and a 200-day moving average of $8.56.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0619 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.74 annualized dividend and a yield of 8.42%. 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.