Saxon Interests Inc. Buys Shares of 88,646 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Saxon Interests Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the fourth quarter, Holdings Channel reports. The fund bought 88,646 shares of the investment management company’s stock, valued at approximately $682,000.

Other hedge funds have also added to or reduced their stakes in the company. Cowa LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at about $25,000. Tower Research Capital LLC TRC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the first quarter worth about $26,000. L.M. Kohn & Company purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $76,000. United Capital Financial Advisers LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $84,000. Finally, Franklin Resources Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $88,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.1 %

BDJ traded down $0.01 during midday trading on Friday, hitting $8.25. The stock had a trading volume of 1,313,968 shares, compared to its average volume of 559,337. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $6.91 and a 1 year high of $8.66. The business has a fifty day moving average of $7.99 and a 200 day moving average of $7.73.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.056 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.67 annualized dividend and a yield of 8.15%.

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.