MGB Wealth Management LLC Sells 3,662 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

MGB Wealth Management LLC cut its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,869 shares of the investment management company’s stock after selling 3,662 shares during the period. MGB Wealth Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BDJ. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after purchasing an additional 412,499 shares in the last quarter. International Assets Investment Management LLC grew its position in 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 worth $29,560,000 after acquiring an additional 303,480 shares in the last quarter. Shaker Financial Services LLC grew its position in 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 worth $3,651,000 after acquiring an additional 224,647 shares in the last quarter. Cetera Investment Advisers lifted its stake in BlackRock Enhanced Equity Dividend Trust by 1,193.8% in the first quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock worth $1,785,000 after purchasing an additional 199,689 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the second quarter worth $1,012,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.83 on Friday. The firm has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $8.43. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.60 and a twelve month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0562 dividend. This represents a $0.67 annualized dividend and a yield of 7.64%. The ex-dividend date is Friday, November 15th.

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.