Wolverine Asset Management LLC Purchases 49,332 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Wolverine Asset Management LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 735,748 shares of the investment management company’s stock after acquiring an additional 49,332 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $5,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 13.4% during the third quarter. AE Wealth Management LLC now owns 16,624 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 1,959 shares in the last quarter. HB Wealth Management LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 2.1% during the third quarter. HB Wealth Management LLC now owns 82,396 shares of the investment management company’s stock valued at $627,000 after purchasing an additional 1,670 shares in the last quarter. Raymond James & Associates boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 0.7% during the third quarter. Raymond James & Associates now owns 2,106,193 shares of the investment management company’s stock valued at $16,028,000 after purchasing an additional 13,913 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 6.0% during the third quarter. Stratos Wealth Advisors LLC now owns 712,967 shares of the investment management company’s stock valued at $5,426,000 after purchasing an additional 40,644 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $159,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.6 %

NYSE BDJ traded up $0.05 during trading on Tuesday, reaching $8.05. 216,927 shares of the company traded hands, compared to its average volume of 527,788. The stock’s 50 day moving average price is $8.06 and its two-hundred day moving average price is $7.79. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend is Friday, April 12th.

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.