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

BlackRock Enhanced International Dividend Trust (NYSE:BGY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.82 and traded as high as $6.17. BlackRock Enhanced International Dividend Trust shares last traded at $6.1350, with a volume of 326,344 shares.

BlackRock Enhanced International Dividend Trust Price Performance

The company’s 50-day simple moving average is $5.94 and its 200-day simple moving average is $5.82.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company 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 dividend of $0.0426 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 8.3%.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its position in shares of BlackRock Enhanced International Dividend Trust by 82.8% during the second quarter. Harbour Investments Inc. now owns 4,538 shares of the investment management company’s stock worth $26,000 after acquiring an additional 2,056 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in BlackRock Enhanced International Dividend Trust during the 3rd quarter valued at approximately $31,000. Composition Wealth LLC purchased a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth approximately $59,000. Captrust Financial Advisors acquired a new position in shares of BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at approximately $61,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of BlackRock Enhanced International Dividend Trust during the 4th quarter valued at approximately $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.