Prevail Innovative Wealth Advisors LLC Grows Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Prevail Innovative Wealth Advisors LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 67.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,477 shares of the investment management company’s stock after purchasing an additional 72,497 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,474,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in BlackRock Enhanced Equity Dividend Trust by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock valued at $24,600,000 after buying an additional 678,231 shares in the last quarter. Cornerstone Advisors LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 122.8% in the fourth quarter. Cornerstone Advisors LLC now owns 1,189,889 shares of the investment management company’s stock valued at $9,150,000 after buying an additional 655,731 shares in the last quarter. Shaker Financial Services LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 101.1% in the second quarter. Shaker Financial Services LLC now owns 446,818 shares of the investment management company’s stock valued at $3,651,000 after buying an additional 224,647 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,193.8% during the 1st quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock worth $1,785,000 after buying an additional 199,689 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 25.6% during the 1st quarter. Advisors Asset Management Inc. now owns 884,626 shares of the investment management company’s stock valued at $7,298,000 after buying an additional 180,266 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of NYSE BDJ opened at $8.39 on Friday. The firm has a fifty day moving average of $8.35 and a 200 day moving average of $8.21. BlackRock Enhanced Equity Dividend Trust has a one year low of $6.91 and a one year high of $8.66.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.0562 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.04%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06.

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.