BlackRock Enhanced International Dividend Trust $BGY is Waterfront Wealth Inc.’s 7th Largest Position

Waterfront Wealth Inc. reduced its stake in BlackRock Enhanced International Dividend Trust (NYSE:BGY) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,764,031 shares of the investment management company’s stock after selling 487,145 shares during the period. BlackRock Enhanced International Dividend Trust makes up about 1.8% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 7th biggest holding. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced International Dividend Trust were worth $9,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BGY. City of London Investment Management Co. Ltd. lifted its position in BlackRock Enhanced International Dividend Trust by 7.4% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,973,384 shares of the investment management company’s stock worth $11,347,000 after acquiring an additional 136,515 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in BlackRock Enhanced International Dividend Trust in the fourth quarter valued at approximately $66,000. Captrust Financial Advisors acquired a new stake in BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $61,000. Comprehensive Money Management Services LLC raised its stake in shares of BlackRock Enhanced International Dividend Trust by 5.8% during the first quarter. Comprehensive Money Management Services LLC now owns 80,262 shares of the investment management company’s stock valued at $434,000 after purchasing an additional 4,386 shares during the period. Finally, Endeavor Private Wealth Inc. raised its stake in shares of BlackRock Enhanced International Dividend Trust by 9.1% during the fourth quarter. Endeavor Private Wealth Inc. now owns 38,449 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 3,199 shares during the period.

BlackRock Enhanced International Dividend Trust Price Performance

NYSE BGY opened at $5.80 on Friday. The company’s fifty day simple moving average is $5.73 and its 200-day simple moving average is $5.79. BlackRock Enhanced International Dividend Trust has a 52 week low of $5.19 and a 52 week high of $6.23.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0426 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.8%.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.