Corrado Advisors LLC Sells 5,600 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Corrado Advisors LLC reduced its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,405 shares of the investment management company’s stock after selling 5,600 shares during the quarter. Corrado Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. L.M. Kohn & Company purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at $76,000. Koshinski Asset Management Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at $92,000. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at $93,000. Sterling Financial Planning Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at $106,000. Finally, Roble Belko & Company Inc raised its stake in BlackRock Enhanced Equity Dividend Trust by 28.0% during the third quarter. Roble Belko & Company Inc now owns 14,421 shares of the investment management company’s stock valued at $110,000 after purchasing an additional 3,157 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock traded up $0.05 during mid-day trading on Tuesday, reaching $8.05. 216,927 shares of the company’s stock traded hands, compared to its average volume of 527,788. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $6.91 and a 12-month high of $8.57. The stock has a 50 day moving average of $8.06 and a two-hundred day moving average of $7.79.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Friday, April 12th.

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.