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) crossed 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 traded.

BlackRock Enhanced Global Dividend Trust Stock Up 0.2%

The business’s 50 day moving average price is $11.90 and its 200-day moving average price is $11.73.

BlackRock Enhanced Global Dividend Trust Announces Dividend

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

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BOE. Cetera Investment Advisers grew its stake in shares of BlackRock Enhanced Global Dividend Trust by 7.7% during the second quarter. Cetera Investment Advisers now owns 32,670 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 2,340 shares in the last quarter. Walleye Capital LLC acquired a new stake in BlackRock Enhanced Global Dividend Trust in the second quarter valued at $168,000. Raymond James Financial Inc. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 581,545 shares of the financial services provider’s stock worth $6,601,000 after buying an additional 13,990 shares during the last quarter. Jane Street Group LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth about $288,000. Finally, Bank of America Corp DE boosted its position in shares of BlackRock Enhanced Global Dividend Trust by 1.3% during the 2nd quarter. Bank of America Corp DE now owns 225,336 shares of the financial services provider’s stock worth $2,558,000 after acquiring an additional 2,947 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

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.