BlackRock Enhanced International Dividend Trust (NYSE:BGY) Shares Cross Above 200-Day Moving Average – Time to Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.77 and traded as high as $5.99. BlackRock Enhanced International Dividend Trust shares last traded at $5.9650, with a volume of 469,338 shares.

BlackRock Enhanced International Dividend Trust Trading Up 0.3%

The stock has a fifty day simple moving average of $5.78 and a 200 day simple moving average of $5.77.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0426 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of BlackRock Enhanced International Dividend Trust during the 2nd quarter valued at about $174,000. Allspring Global Investments Holdings LLC increased its holdings in shares of BlackRock Enhanced International Dividend Trust by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,046,202 shares of the investment management company’s stock worth $40,516,000 after purchasing an additional 314,349 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new stake in shares of BlackRock Enhanced International Dividend Trust in the second quarter worth about $36,000. Uncommon Cents Investing LLC boosted its stake in BlackRock Enhanced International Dividend Trust by 42.3% during the second quarter. Uncommon Cents Investing LLC now owns 438,102 shares of the investment management company’s stock valued at $2,537,000 after buying an additional 130,137 shares during the last quarter. Finally, Abel Hall LLC purchased a new position in BlackRock Enhanced International Dividend Trust during the 2nd quarter valued at approximately $301,000.

BlackRock Enhanced International Dividend Trust Company Profile

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.