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

Shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.61 and traded as high as $11.78. BlackRock Enhanced Global Dividend Trust shares last traded at $11.7250, with a volume of 52,804 shares trading hands.

BlackRock Enhanced Global Dividend Trust Trading Down 0.4%

The stock has a fifty day moving average of $11.49 and a two-hundred day moving average of $11.61.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BOE. Lazard Asset Management LLC increased its holdings in BlackRock Enhanced Global Dividend Trust by 247.3% during the 4th quarter. Lazard Asset Management LLC now owns 888,386 shares of the financial services provider’s stock valued at $10,403,000 after purchasing an additional 632,567 shares in the last quarter. Morgan Stanley boosted its position in BlackRock Enhanced Global Dividend Trust by 3.0% in the 4th quarter. Morgan Stanley now owns 7,519,901 shares of the financial services provider’s stock valued at $88,058,000 after buying an additional 220,422 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock Enhanced Global Dividend Trust by 23.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock valued at $9,932,000 after buying an additional 162,045 shares during the last quarter. Saba Capital Management L.P. boosted its position in BlackRock Enhanced Global Dividend Trust by 6.7% in the 4th quarter. Saba Capital Management L.P. now owns 2,555,063 shares of the financial services provider’s stock valued at $29,920,000 after buying an additional 160,525 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in BlackRock Enhanced Global Dividend Trust by 13.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,148,096 shares of the financial services provider’s stock valued at $13,444,000 after buying an additional 137,344 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.