BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.73 and traded as high as $12.22. BlackRock Enhanced Global Dividend Trust shares last traded at $12.1550, with a volume of 73,309 shares changing hands.

BlackRock Enhanced Global Dividend Trust Price Performance

The firm has a fifty day moving average of $11.90 and a 200 day moving average of $11.73.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0827 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust during the 2nd quarter valued at about $41,000. Harbour Investments Inc. increased its position in BlackRock Enhanced Global Dividend Trust by 12,792.3% during the fourth quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 4,989 shares during the last quarter. Webster Bank N. A. acquired a new stake in BlackRock Enhanced Global Dividend Trust during the fourth quarter worth about $70,000. Advisory Services Network LLC purchased a new position in BlackRock Enhanced Global Dividend Trust during the third quarter worth about $116,000. Finally, Commerce Bank raised its stake in BlackRock Enhanced Global Dividend Trust by 10.6% during the fourth quarter. Commerce Bank now owns 11,329 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,086 shares during the period.

About BlackRock Enhanced Global Dividend Trust

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.