Shulman DeMeo Asset Management LLC Sells 1,481 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Shulman DeMeo Asset Management LLC cut its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,659 shares of the investment management company’s stock after selling 1,481 shares during the period. BlackRock Enhanced Equity Dividend Trust comprises 0.3% of Shulman DeMeo Asset Management LLC’s holdings, making the stock its 25th largest holding. Shulman DeMeo Asset Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at $34,000. NCM Capital Management LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $78,000. Park Avenue Securities LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth about $89,000. Focus Financial Network Inc. ADV bought a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth about $87,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $92,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.1 %

BDJ stock traded up $0.01 during trading on Thursday, hitting $8.13. The company had a trading volume of 368,793 shares, compared to its average volume of 482,911. The company has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $8.02. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $6.91 and a 52-week high of $8.43.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.056 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.67 annualized dividend and a dividend yield of 8.27%.

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.