BlackRock Enhanced International Dividend Trust (NYSE:BGY) Shares Down 0.8% – Should You Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s stock price was down 0.8% during mid-day trading on Friday. The company traded as low as $5.33 and last traded at $5.3490. Approximately 317,560 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 314,955 shares. The stock had previously closed at $5.39.

BlackRock Enhanced International Dividend Trust Stock Down 0.8%

The firm’s 50 day moving average is $5.64 and its 200-day moving average is $5.74.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0426 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.51 dividend on an annualized basis and a yield of 9.6%.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

A number of hedge funds have recently modified their holdings of BGY. Calamos Advisors LLC lifted its stake in BlackRock Enhanced International Dividend Trust by 59.8% in the 3rd quarter. Calamos Advisors LLC now owns 184,287 shares of the investment management company’s stock worth $1,038,000 after purchasing an additional 68,933 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of BlackRock Enhanced International Dividend Trust by 4.4% in the third quarter. Kestra Advisory Services LLC now owns 85,445 shares of the investment management company’s stock valued at $481,000 after purchasing an additional 3,619 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of BlackRock Enhanced International Dividend Trust by 16.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 55,262 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 7,899 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of BlackRock Enhanced International Dividend Trust by 4.3% in the third quarter. Flagship Harbor Advisors LLC now owns 455,971 shares of the investment management company’s stock valued at $2,567,000 after purchasing an additional 18,730 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in shares of BlackRock Enhanced International Dividend Trust in the third quarter valued at approximately $229,000.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust is a diversified closed-end fund listed on the New York Stock Exchange under the symbol BGY. The fund seeks to provide investors with current income and long-term total return through a combination of dividend income and capital appreciation.

BGY invests primarily in equity securities issued by companies outside the United States, with an emphasis on established businesses that pay or are expected to pay dividends. Its portfolio may include companies across developed and emerging international markets and a range of industries.