BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Passes Above 200-Day Moving Average – Here’s Why

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 $5.80 and traded as high as $5.80. BlackRock Enhanced International Dividend Trust shares last traded at $5.7350, with a volume of 338,444 shares traded.

BlackRock Enhanced International Dividend Trust Stock Performance

The company has a 50-day moving average of $5.71 and a 200 day moving average of $5.80.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0426 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock Enhanced International Dividend Trust

Several large investors have recently made changes to their positions in BGY. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock Enhanced International Dividend Trust during the third quarter worth approximately $31,000. Harbour Investments Inc. grew its holdings in BlackRock Enhanced International Dividend Trust by 95.1% in the 4th quarter. Harbour Investments Inc. now owns 8,965 shares of the investment management company’s stock valued at $53,000 after buying an additional 4,370 shares in the last quarter. Composition Wealth LLC purchased a new stake in BlackRock Enhanced International Dividend Trust in the 4th quarter valued at $59,000. Captrust Financial Advisors purchased a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at $61,000. Finally, Evolve Private Wealth LLC purchased a new stake in BlackRock Enhanced International Dividend Trust in the 4th quarter valued at $66,000.

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.