BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

BlackRock Enhanced Global Dividend Trust (NYSE:BOE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.68 and traded as high as $11.40. BlackRock Enhanced Global Dividend Trust shares last traded at $11.33, with a volume of 130,329 shares.

BlackRock Enhanced Global Dividend Trust Stock Performance

The business has a 50 day moving average price of $11.09 and a 200-day moving average price of $10.68.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Enhanced Global Dividend Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in BlackRock Enhanced Global Dividend Trust by 70.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 481,535 shares of the financial services provider’s stock valued at $5,422,000 after buying an additional 199,400 shares during the period. Raymond James & Associates increased its holdings in shares of BlackRock Enhanced Global Dividend Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 501,473 shares of the financial services provider’s stock worth $5,647,000 after acquiring an additional 1,844 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock Enhanced Global Dividend Trust in the 2nd quarter valued at $1,449,000. B. Riley Wealth Advisors Inc. raised its stake in BlackRock Enhanced Global Dividend Trust by 6.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,007 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 2,786 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in BlackRock Enhanced Global Dividend Trust by 7.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 264,313 shares of the financial services provider’s stock valued at $2,804,000 after purchasing an additional 18,740 shares during 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.