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

Shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.71 and traded as high as $11.83. BlackRock Enhanced Global Dividend Trust shares last traded at $11.80, with a volume of 81,465 shares traded.

BlackRock Enhanced Global Dividend Trust Stock Performance

The stock’s 50-day moving average price is $11.81 and its 200 day moving average price is $11.71.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0827 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of BlackRock Enhanced Global Dividend Trust by 10.8% in the 1st quarter. Bank of America Corp DE now owns 212,740 shares of the financial services provider’s stock worth $2,332,000 after buying an additional 20,790 shares during the period. Royal Bank of Canada grew its position in shares of BlackRock Enhanced Global Dividend Trust by 1.6% during the 1st quarter. Royal Bank of Canada now owns 263,164 shares of the financial services provider’s stock worth $2,885,000 after buying an additional 4,110 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 15.6% during the first quarter. Waverly Advisors LLC now owns 22,673 shares of the financial services provider’s stock valued at $248,000 after buying an additional 3,056 shares during the period. Cetera Investment Advisers increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 15.9% during the first quarter. Cetera Investment Advisers now owns 96,253 shares of the financial services provider’s stock valued at $1,055,000 after buying an additional 13,179 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of BlackRock Enhanced Global Dividend Trust by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 402,803 shares of the financial services provider’s stock valued at $4,415,000 after acquiring an additional 76,955 shares in the last quarter.

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.