BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Passes Above 200-Day Moving Average – Here’s Why

BlackRock Enhanced International Dividend Trust (NYSE:BGY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.70 and traded as high as $5.75. BlackRock Enhanced International Dividend Trust shares last traded at $5.73, with a volume of 119,985 shares traded.

BlackRock Enhanced International Dividend Trust Stock Up 0.1%

The company has a 50-day simple moving average of $5.76 and a two-hundred day simple moving average of $5.70.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.0426 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.9%.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock Enhanced International Dividend Trust by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,046,202 shares of the investment management company’s stock worth $40,516,000 after acquiring an additional 314,349 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 26.3% during the first quarter. Sit Investment Associates Inc. now owns 2,271,475 shares of the investment management company’s stock worth $12,743,000 after acquiring an additional 473,417 shares during the last quarter. Waterfront Wealth Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 7.2% during the second quarter. Waterfront Wealth Inc. now owns 1,662,228 shares of the investment management company’s stock worth $9,624,000 after acquiring an additional 112,160 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 5.3% during the second quarter. Baird Financial Group Inc. now owns 906,402 shares of the investment management company’s stock worth $5,248,000 after acquiring an additional 45,988 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of BlackRock Enhanced International Dividend Trust by 4.4% during the second quarter. Bank of America Corp DE now owns 778,917 shares of the investment management company’s stock worth $4,510,000 after acquiring an additional 33,057 shares during the last quarter.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International 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 excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.