BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Stock Crosses Above 200 Day Moving Average of $10.52

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.52 and traded as high as $11.09. BlackRock Enhanced Global Dividend Trust shares last traded at $11.07, with a volume of 98,588 shares trading hands.

BlackRock Enhanced Global Dividend Trust Stock Performance

The stock’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $10.52.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.063 per share. This represents a $0.76 annualized dividend and a yield of 6.83%. The ex-dividend date is Monday, September 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Spirepoint Private Client LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the first quarter valued at about $108,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at approximately $124,000. Pinnacle Wealth Planning Services Inc. boosted its holdings in BlackRock Enhanced Global Dividend Trust by 8.7% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 12,306 shares of the financial services provider’s stock worth $129,000 after buying an additional 982 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in BlackRock Enhanced Global Dividend Trust by 135.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 15,793 shares of the financial services provider’s stock worth $165,000 after buying an additional 9,093 shares during the period. Finally, Pacific Wealth Strategies Group Inc. grew its stake in BlackRock Enhanced Global Dividend Trust by 40.2% in the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 17,000 shares of the financial services provider’s stock valued at $178,000 after buying an additional 4,875 shares in the last quarter.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.