Relative Value Partners Group Lowers stake in BlackRock Enhanced Dividend Achievers Tr (BDJ)

BlackRock Enhanced Dividend Achievers Tr (BDJ) : Relative Value Partners Group reduced its stake in BlackRock Enhanced Dividend Achievers Tr by 1.55% during the most recent quarter end. The investment management company now holds a total of 4,275,514 shares of BlackRock Enhanced Dividend Achievers Tr which is valued at $32.2 Million after selling 67,210 shares in BlackRock Enhanced Dividend Achievers Tr , the firm said in a disclosure report filed with the SEC on May 11, 2016.BlackRock Enhanced Dividend Achievers Tr makes up approximately 3.92% of Relative Value Partners Group’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. reduced its stake in BDJ by selling 24,426 shares or 7.66% in the most recent quarter. The Hedge Fund company now holds 294,253 shares of BDJ which is valued at $2.2 Million. BlackRock Enhanced Dividend Achievers Tr makes up approx 0.27% of Landscape Capital Management L.l.c.’s portfolio. Tfs Capital added BDJ to its portfolio by purchasing 13,432 company shares during the most recent quarter which is valued at $101,143. BlackRock Enhanced Dividend Achievers Tr makes up approx 0.01% of Tfs Capital’s portfolio. Geneva Advisors added BDJ to its portfolio by purchasing 13,226 company shares during the most recent quarter which is valued at $100,385.Cambridge Investment Research Advisors reduced its stake in BDJ by selling 62,125 shares or 37.37% in the most recent quarter. The Hedge Fund company now holds 104,120 shares of BDJ which is valued at $790,271. BlackRock Enhanced Dividend Achievers Tr makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.

BlackRock Enhanced Dividend Achievers Tr opened for trading at $7.52 and hit $7.59 on the upside on Monday, eventually ending the session at $7.59, with a gain of 0.80% or 0.06 points. The heightened volatility saw the trading volume jump to 4,03,032 shares. Company has a market cap of $478 M.

BlackRock Enhanced Equity Dividend Trust (the Trust) is a diversified closed-end management investment company. The Trust’s primary investment objective is to seek current income and current gains with a secondary objective of long-term capital appreciation. The Trust seeks to achieve these objectives by investing in common stocks that pay above average dividends and have the potential for capital appreciation and by utilizing an option writing (selling) strategy to enhance distributions paid to the Trust’s shareholders. Under normal market conditions the Trust will invest at least 80% of its total assets in dividend paying equities. The Trust invests in sectors such as financials industrials energy Information Technology Telecommunication Services health care and consumer. The Fund’s Investment advisor is BlackRock Advisors LLC.

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