Waterfront Wealth Inc. Raises Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Waterfront Wealth Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 621,219 shares of the investment management company’s stock after purchasing an additional 23,355 shares during the period. BlackRock Enhanced Equity Dividend Trust makes up approximately 1.3% of Waterfront Wealth Inc.’s holdings, making the stock its 17th largest holding. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $5,144,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BDJ. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after acquiring an additional 96,332 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 25.7% during 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% in the fourth 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, International Assets Investment Management LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% in 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 last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.3 %

NYSE:BDJ opened at $8.86 on Friday. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07. The stock has a 50 day moving average price of $8.60 and a 200 day moving average price of $8.62.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0619 dividend. This represents a $0.74 annualized dividend and a yield of 8.39%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, February 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.