BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

BlackRock Enhanced Global Dividend Trust (NYSE:BOE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.55 and traded as high as $12.06. BlackRock Enhanced Global Dividend Trust shares last traded at $11.97, with a volume of 167,283 shares.

BlackRock Enhanced Global Dividend Trust Stock Down 0.2%

The business has a fifty day simple moving average of $11.62 and a 200 day simple moving average of $11.55.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0827 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 8.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOE. Pinnacle Bancorp Inc. bought a new position in shares of BlackRock Enhanced Global Dividend Trust during the second quarter worth approximately $72,000. Allworth Financial LP bought a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 2nd quarter valued at $74,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 3rd quarter worth $85,000. VSM Wealth Advisory LLC raised its stake in 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 valued at $94,000 after purchasing an additional 6,584 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in BlackRock Enhanced Global Dividend Trust during the third quarter worth about $116,000.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.