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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.77 and traded as high as $12.38. BlackRock Enhanced Global Dividend Trust shares last traded at $12.2850, with a volume of 116,576 shares traded.

BlackRock Enhanced Global Dividend Trust Trading Up 0.1%

The company’s 50 day moving average price is $11.99 and its 200-day moving average price is $11.77.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0827 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 7.7% in the 2nd quarter. Cetera Investment Advisers now owns 32,670 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 2,340 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth about $168,000. Raymond James Financial Inc. increased its position in BlackRock Enhanced Global Dividend Trust by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 581,545 shares of the financial services provider’s stock worth $6,601,000 after purchasing an additional 13,990 shares in the last quarter. Jane Street Group LLC purchased a new position in BlackRock Enhanced Global Dividend Trust in the second quarter valued at approximately $288,000. Finally, Bank of America Corp DE raised its holdings in BlackRock Enhanced Global Dividend Trust by 1.3% in the second quarter. Bank of America Corp DE now owns 225,336 shares of the financial services provider’s stock valued at $2,558,000 after buying an additional 2,947 shares during the period.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.