SOL Capital Management CO Takes Position in BlackRock Enhanced Equity Dividend Trust $BDJ

SOL Capital Management CO purchased a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 381,271 shares of the investment management company’s stock, valued at approximately $3,168,000. BlackRock Enhanced Equity Dividend Trust comprises approximately 1.4% of SOL Capital Management CO’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also bought and sold shares of BDJ. United Financial Planning Group LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter worth about $26,000. Harbor Investment Advisory LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,000. Optima Capital LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $35,000. Global Wealth Strategies & Associates bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $37,000. Finally, Larson Financial Group LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the third quarter worth approximately $48,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.8%

NYSE BDJ opened at $9.64 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $8.42 and a 1-year high of $9.76. The company has a 50 day moving average of $9.23 and a 200-day moving average of $9.27.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Tuesday, September 15th.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.