BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Price Down 0.8% – Here’s What Happened

BlackRock Enhanced International Dividend Trust (NYSE:BGY) traded down 0.8% on Friday. The stock traded as low as $5.33 and last traded at $5.3490. Approximately 317,560 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 314,955 shares. The stock had previously closed at $5.39.

BlackRock Enhanced International Dividend Trust Price Performance

The stock has a 50 day moving average price of $5.64 and a 200-day moving average price of $5.74.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0426 dividend. This represents a $0.51 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in shares of BlackRock Enhanced International Dividend Trust by 175.4% during the third quarter. Farther Finance Advisors LLC now owns 18,688 shares of the investment management company’s stock worth $105,000 after buying an additional 11,903 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of BlackRock Enhanced International Dividend Trust by 16.0% in the first quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock worth $106,000 after buying an additional 2,696 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in BlackRock Enhanced International Dividend Trust during the third quarter worth about $229,000. Gainline Financial Partners LLC acquired a new position in BlackRock Enhanced International Dividend Trust during the second quarter worth about $237,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in BlackRock Enhanced International Dividend Trust by 16.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 55,262 shares of the investment management company’s stock worth $311,000 after acquiring an additional 7,899 shares during the last quarter.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust is a diversified closed-end fund listed on the New York Stock Exchange under the symbol BGY. The fund seeks to provide investors with current income and long-term total return through a combination of dividend income and capital appreciation.

BGY invests primarily in equity securities issued by companies outside the United States, with an emphasis on established businesses that pay or are expected to pay dividends. Its portfolio may include companies across developed and emerging international markets and a range of industries.