Raymond James Financial Inc. Makes New Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Raymond James Financial Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,471,052 shares of the investment management company’s stock, valued at approximately $28,740,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 4.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock valued at $9,368,000 after purchasing an additional 41,426 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% in the 3rd quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock valued at $8,624,000 after purchasing an additional 22,548 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.9% in the 4th quarter. Waterfront Wealth Inc. now owns 621,219 shares of the investment management company’s stock valued at $5,144,000 after purchasing an additional 23,355 shares in the last quarter. Boothe Investment Group Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 8.1% in the 4th quarter. Boothe Investment Group Inc. now owns 570,806 shares of the investment management company’s stock valued at $4,726,000 after purchasing an additional 42,805 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $2,770,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ opened at $8.59 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07. The company’s fifty day moving average is $8.73 and its 200-day moving average is $8.67.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0619 per share. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Friday, March 14th. This represents a $0.74 annualized dividend and a yield of 8.65%.

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.