BlackRock Enhanced Government Fund (NYSEARCA:BTK) Shares Up 0.1% – What’s Next?

Shares of BlackRock Enhanced Government Fund, Inc. (NYSEARCA:BTK) traded up 0.1% on Friday . The stock traded as high as $9.77 and last traded at $9.7650. 1,831 shares changed hands during trading, a decline of 51% from the average session volume of 3,738 shares. The stock had previously closed at $9.76.

BlackRock Enhanced Government Fund Price Performance

The stock has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $9.77.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

An institutional investor recently bought a new position in BlackRock Enhanced Government Fund stock. Roman Butler Fullerton & Co. acquired a new position in shares of BlackRock Enhanced Government Fund, Inc. (NYSEARCA:BTK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,979 shares of the company’s stock, valued at approximately $205,000.

About BlackRock Enhanced Government Fund

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S. government mortgage-backed securities. The fund invests in non U.S. government debt securities of foreign or domestic issuers, including commercial paper, notes, corporate bonds, debentures, asset-backed securities, mortgage-backed securities, corporate loans, sovereign debt securities, and money market securities.