BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.71 and traded as high as $12.15. BlackRock Enhanced Global Dividend Trust shares last traded at $12.0960, with a volume of 124,195 shares changing hands.

BlackRock Enhanced Global Dividend Trust Stock Down 0.1%

The company’s 50 day moving average price is $11.85 and its 200 day moving average price is $11.72.

BlackRock Enhanced Global Dividend Trust Announces Dividend

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

Institutional Trading of BlackRock Enhanced Global Dividend Trust

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