BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Price Crosses Above 200 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 Monday . The stock has a 200-day moving average of $11.62 and traded as high as $12.06. BlackRock Enhanced Global Dividend Trust shares last traded at $12.04, with a volume of 140,347 shares.

BlackRock Enhanced Global Dividend Trust Stock Performance

The firm has a 50-day moving average price of $11.80 and a 200-day moving average price of $11.62.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.0827 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 8.2%.

Hedge Funds Weigh In On BlackRock Enhanced Global Dividend Trust

Several hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. lifted its stake in BlackRock Enhanced Global Dividend Trust by 12,792.3% during the fourth quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 4,989 shares during the last quarter. Webster Bank N. A. acquired a new position in BlackRock Enhanced Global Dividend Trust in the fourth quarter worth approximately $70,000. Allworth Financial LP bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the second 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 valued at $85,000. Finally, VSM Wealth Advisory LLC lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 436.9% during the 3rd quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 6,584 shares during the last quarter.

About BlackRock Enhanced Global Dividend Trust

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.