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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) 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.

BlackRock Enhanced Global Dividend Trust Price Performance

The firm has a 50 day moving average price of $12.00 and a 200-day moving average price of $11.77.

BlackRock Enhanced Global Dividend Trust Announces Dividend

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 of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in BlackRock Enhanced Global Dividend Trust by 3.0% in the fourth quarter. Morgan Stanley now owns 7,519,901 shares of the financial services provider’s stock valued at $88,058,000 after buying an additional 220,422 shares during the last quarter. Saba Capital Management L.P. increased its stake in BlackRock Enhanced Global Dividend Trust by 6.7% in the fourth quarter. Saba Capital Management L.P. now owns 2,555,063 shares of the financial services provider’s stock valued at $29,920,000 after purchasing an additional 160,525 shares during the period. Guggenheim Capital LLC increased its stake in BlackRock Enhanced Global Dividend Trust by 13.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,148,096 shares of the financial services provider’s stock valued at $13,444,000 after purchasing an additional 137,344 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of BlackRock Enhanced Global Dividend Trust by 17.7% in the fourth quarter. Advisors Asset Management Inc. now owns 1,010,603 shares of the financial services provider’s stock valued at $11,834,000 after buying an additional 152,181 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of BlackRock Enhanced Global Dividend Trust by 247.3% during the fourth quarter. Lazard Asset Management LLC now owns 888,386 shares of the financial services provider’s stock worth $10,403,000 after buying an additional 632,567 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.