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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.47 and traded as high as $11.74. BlackRock Enhanced Global Dividend Trust shares last traded at $11.7040, with a volume of 209,747 shares changing hands.

BlackRock Enhanced Global Dividend Trust Stock Up 1.1%

The company has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $11.47.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.0827 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Monday, December 22nd.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

Hedge funds have recently made changes to their positions in the company. Comerica Bank lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 1.7% during the first quarter. Comerica Bank now owns 66,066 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 1,102 shares in the last quarter. Spirepoint Private Client LLC lifted its holdings in BlackRock Enhanced Global Dividend Trust by 11.2% in the 3rd quarter. Spirepoint Private Client LLC now owns 11,156 shares of the financial services provider’s stock worth $129,000 after buying an additional 1,126 shares in the last quarter. NWF Advisory Services Inc. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 5.3% in the 3rd quarter. NWF Advisory Services Inc. now owns 33,927 shares of the financial services provider’s stock worth $393,000 after buying an additional 1,717 shares in the last quarter. Wedbush Securities Inc. boosted its position in BlackRock Enhanced Global Dividend Trust by 10.4% in the 3rd quarter. Wedbush Securities Inc. now owns 20,789 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,951 shares during the last quarter. Finally, Stolper Co grew its stake in shares of BlackRock Enhanced Global Dividend Trust by 3.4% during the second quarter. Stolper Co now owns 63,010 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 2,060 shares in the last quarter.

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.