BlackRock Enhanced Government Fund (NYSE:EGF) Stock Price Up 0.5% After Dividend Announcement

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) shares shot up 0.5% on Monday after the company announced a dividend. The company traded as high as $9.66 and last traded at $9.66. 238 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 6,281 shares. The stock had previously closed at $9.61.

The newly announced dividend which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.041 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.49 annualized dividend and a yield of 5.09%.

BlackRock Enhanced Government Fund Stock Performance

The business has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $9.61.

Institutional Trading of BlackRock Enhanced Government Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fiera Capital Corp boosted its stake in shares of BlackRock Enhanced Government Fund by 3.6% during the third quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,090 shares during the period. Wolverine Asset Management LLC boosted its position in shares of BlackRock Enhanced Government Fund by 42.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 23,624 shares of the company’s stock worth $221,000 after purchasing an additional 7,027 shares in the last quarter. Finally, Melfa Wealth Management Inc. grew its stake in shares of BlackRock Enhanced Government Fund by 51.6% during the second quarter. Melfa Wealth Management Inc. now owns 17,822 shares of the company’s stock worth $166,000 after acquiring an additional 6,066 shares during the last quarter.

BlackRock Enhanced Government Fund Company Profile

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.