Sterling Financial Planning Inc. Makes New $106,000 Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Sterling Financial Planning Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,831 shares of the investment management company’s stock, valued at approximately $106,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth $26,000. L.M. Kohn & Company acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $76,000. United Capital Financial Advisers LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at about $84,000. Franklin Resources Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at about $88,000. Finally, Silverlake Wealth Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $91,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.03 during trading on Thursday, hitting $7.89. 268,625 shares of the company’s stock traded hands, compared to its average volume of 537,755. The firm’s fifty day moving average price is $8.07 and its 200 day moving average price is $7.78. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $6.91 and a twelve month high of $8.57.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

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 given a dividend of $0.056 per share. The ex-dividend date is Friday, April 12th. This represents a $0.67 annualized dividend and a dividend yield of 8.52%.

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.