Sit Investment Associates Inc. Buys 402,308 Shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE)

Sit Investment Associates Inc. increased its stake in shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE) by 44.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,315,521 shares of the financial services provider’s stock after acquiring an additional 402,308 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock Enhanced Global Dividend Trust were worth $14,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BOE. Modern Wealth Management LLC acquired a new position in BlackRock Enhanced Global Dividend Trust during the 4th quarter worth $128,000. Level Four Advisory Services LLC raised its position in shares of BlackRock Enhanced Global Dividend Trust by 25.7% during the fourth quarter. Level Four Advisory Services LLC now owns 12,737 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 2,607 shares during the last quarter. Illumine Investment Management LLC acquired a new position in shares of BlackRock Enhanced Global Dividend Trust during the fourth quarter valued at $140,000. WealthShield Partners LLC boosted its holdings in BlackRock Enhanced Global Dividend Trust by 56.8% in the fourth quarter. WealthShield Partners LLC now owns 16,315 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 5,907 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in BlackRock Enhanced Global Dividend Trust in the third quarter worth about $201,000.

BlackRock Enhanced Global Dividend Trust Price Performance

Shares of NYSE:BOE opened at $9.89 on Friday. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.80 and a 1-year high of $11.47. The business has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $11.15.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.0827 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.99 annualized dividend and a yield of 10.04%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.