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

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.79 and traded as high as $6.04. BlackRock Enhanced International Dividend Trust shares last traded at $6.0150, with a volume of 441,107 shares trading hands.

BlackRock Enhanced International Dividend Trust Stock Down 0.2%

The business has a fifty day moving average of $5.86 and a two-hundred day moving average of $5.79.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0426 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of large investors have recently added to or reduced their stakes in BGY. NWF Advisory Services Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 3.7% in the third quarter. NWF Advisory Services Inc. now owns 55,437 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 1,953 shares during the period. Harbour Investments Inc. lifted its stake in BlackRock Enhanced International Dividend Trust by 82.8% in the 2nd quarter. Harbour Investments Inc. now owns 4,538 shares of the investment management company’s stock valued at $26,000 after buying an additional 2,056 shares in the last quarter. Comprehensive Money Management Services LLC boosted its holdings in BlackRock Enhanced International Dividend Trust by 3.3% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 74,510 shares of the investment management company’s stock worth $428,000 after buying an additional 2,382 shares during the last quarter. Benjamin Edwards Inc. increased its stake in BlackRock Enhanced International Dividend Trust by 21.6% during the 4th quarter. Benjamin Edwards Inc. now owns 14,354 shares of the investment management company’s stock worth $84,000 after buying an additional 2,549 shares in the last quarter. Finally, Endeavor Private Wealth Inc. raised its holdings in shares of BlackRock Enhanced International Dividend Trust by 11.3% during the third quarter. Endeavor Private Wealth Inc. now owns 35,250 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 3,573 shares during 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.