BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Shares Cross Above 200-Day Moving Average – What’s Next?

by · The Markets Daily

BlackRock Enhanced Global Dividend Trust (NYSE:BOE – Get Free Report)’s share price crossed 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.

BlackRock Enhanced Global Dividend Trust Price Performance

The business has a 50-day moving average price of $11.82 and a 200-day moving average price of $11.71.

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 8.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BOE. Harbour Investments Inc. boosted its position in shares of BlackRock Enhanced Global Dividend Trust by 12,792.3% during the 4th quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 4,989 shares during the last quarter. Webster Bank N. A. purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter worth $70,000. VSM Wealth Advisory LLC grew its holdings in shares of BlackRock Enhanced Global Dividend Trust by 436.9% during the 3rd quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 6,584 shares during the period. Kingsview Wealth Management LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust in the 3rd quarter valued at about $116,000. Finally, Advisory Services Network LLC acquired a new position in BlackRock Enhanced Global Dividend Trust in the third quarter valued at about $116,000.

About BlackRock Enhanced Global Dividend Trust

(Get Free Report)

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.

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