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 Thursday . The stock has a two hundred day moving average of $11.43 and traded as high as $11.69. BlackRock Enhanced Global Dividend Trust shares last traded at $11.67, with a volume of 152,853 shares changing hands.

BlackRock Enhanced Global Dividend Trust Stock Performance

The stock has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $11.43.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.0827 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a c) annualized dividend and a yield of 8.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. WPG Advisers LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 1st quarter worth $49,000. Pinnacle Bancorp Inc. acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the second quarter valued at about $72,000. Allworth Financial LP acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the second quarter valued at about $74,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust during the third quarter worth about $85,000. Finally, VSM Wealth Advisory LLC lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 436.9% in the third quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 6,584 shares in the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.