Sheets Smith Investment Management Acquires Shares of 79,426 BlackRock Enhanced Equity Dividend Trust $BDJ

Sheets Smith Investment Management acquired a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 79,426 shares of the investment management company’s stock, valued at approximately $724,000.

A number of other hedge funds have also recently modified their holdings of BDJ. Franklin Resources Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 11.4% during the second quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after acquiring an additional 1,281 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 3.4% during the 2nd quarter. International Assets Investment Management LLC now owns 39,766 shares of the investment management company’s stock valued at $354,000 after purchasing an additional 1,322 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 9.7% in the 2nd quarter. Wedbush Securities Inc. now owns 17,827 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 1,581 shares during the period. Stolper Co lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.9% in the 2nd quarter. Stolper Co now owns 63,671 shares of the investment management company’s stock valued at $566,000 after purchasing an additional 1,776 shares during the period. Finally, Venture Visionary Partners LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 5.1% during the first quarter. Venture Visionary Partners LLC now owns 38,710 shares of the investment management company’s stock worth $333,000 after buying an additional 1,880 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $9.30 on Friday. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.16 and a one year high of $9.39. The firm’s fifty day moving average is $9.06 and its 200 day moving average is $8.94.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.0619 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Monday, December 22nd.

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.