BlackRock Enhanced Equity Dividend Trust
BDJ
167 hedge funds and large institutions have $267M invested in BlackRock Enhanced Equity Dividend Trust in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 23 closing their positions.
12% more capital invested
Capital invested by funds: $238M → $267M (+$28.5M)
0.07% less ownership
Funds ownership: 19.44% → 19.37% (-0.07%)
7% less funds holding
Funds holding: 179 → 167 (-12)
11% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 55
48% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.05M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.88M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.46M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.39M |
| 5 |
Morgan Stanley
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.41M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.83M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.67M |
| 4 |
Goldman Sachs
New York
|
-$1.35M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.15M |
BDJ Hedge Fund Activity: Q2 2020 in Review
167 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Equity Dividend Trust (BDJ) for Q2 2020, worth a combined $267M — up 12% from $238M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BDJ and 12 opened new positions — a net loss of 11 holders — while 55 trimmed existing stakes and 49 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $6.05M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $5.41M sold.
- 167 institutional investors held BlackRock Enhanced Equity Dividend Trust (BDJ) as of Q2 2020, down from 179 in Q1 2020.
- Funds reported $267M of BlackRock Enhanced Equity Dividend Trust stock for Q2 2020, up 12% quarter-over-quarter.
- 12 funds opened new BlackRock Enhanced Equity Dividend Trust positions in Q2 2020 and 23 closed out, a net change of -11 holders.
- The largest BlackRock Enhanced Equity Dividend Trust buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $6.05M added.
- The largest BlackRock Enhanced Equity Dividend Trust seller in Q2 2020 was Karpus Investment Management, an estimated $5.41M sold.
Based on aggregated 13F filings for Q2 2020.