BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Crosses Above 200-Day Moving Average – Should You Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.75 and traded as high as $5.87. BlackRock Enhanced International Dividend Trust shares last traded at $5.8350, with a volume of 199,795 shares traded.

BlackRock Enhanced International Dividend Trust Stock Down 0.9%

The stock’s 50 day moving average price is $5.76 and its 200 day moving average price is $5.75.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.0426 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.8%.

Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust

A number of large investors have recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of BlackRock Enhanced International Dividend Trust by 4.3% in the first quarter. Comerica Bank now owns 136,829 shares of the investment management company’s stock valued at $768,000 after purchasing an additional 5,674 shares during the period. Farther Finance Advisors LLC acquired a new position in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth $174,000. Pinnacle Bancorp Inc. acquired a new position in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth $36,000. Uncommon Cents Investing LLC boosted its position in BlackRock Enhanced International Dividend Trust by 42.3% in the 2nd quarter. Uncommon Cents Investing LLC now owns 438,102 shares of the investment management company’s stock valued at $2,537,000 after buying an additional 130,137 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of BlackRock Enhanced International Dividend Trust by 7.4% during the first quarter. Baird Financial Group Inc. now owns 860,414 shares of the investment management company’s stock valued at $4,827,000 after acquiring an additional 59,359 shares in the last quarter.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end management investment company led by BlackRock Fund Advisors. The trust seeks to provide high current income and the potential for capital appreciation by investing primarily in equity securities of non-U.S. companies. It employs an enhanced dividend strategy, combining a focus on stocks that offer attractive dividend yields with derivative overlays such as covered call writing and foreign currency hedging to help manage risk and generate additional income.

The fund’s portfolio is diversified across developed international markets, including Europe, Asia-Pacific and other regions outside the United States.