BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Share Price Passes Above 200-Day Moving Average – Here’s Why

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.38 and traded as high as $11.61. BlackRock Enhanced Global Dividend Trust shares last traded at $11.56, with a volume of 132,370 shares changing hands.

BlackRock Enhanced Global Dividend Trust Price Performance

The firm has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.38.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.0827 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in shares of BlackRock Enhanced Global Dividend Trust by 120.1% during the 1st quarter. LPL Financial LLC now owns 343,517 shares of the financial services provider’s stock worth $3,727,000 after acquiring an additional 187,409 shares during the period. Comerica Bank boosted its position in shares of BlackRock Enhanced Global Dividend Trust by 1.7% during the first quarter. Comerica Bank now owns 66,066 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 1,102 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in BlackRock Enhanced Global Dividend Trust by 29.6% in the first quarter. Envestnet Asset Management Inc. now owns 151,250 shares of the financial services provider’s stock worth $1,641,000 after purchasing an additional 34,500 shares during the period. Cetera Investment Advisers raised its holdings in BlackRock Enhanced Global Dividend Trust by 72.2% in the first quarter. Cetera Investment Advisers now owns 30,330 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 12,713 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in BlackRock Enhanced Global Dividend Trust during the second quarter valued at $1,386,000.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.