BlackRock Enhanced Government Fund (NYSE:EGF) Trading 0.5% Higher After Dividend Announcement

Shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) rose 0.5% during trading on Monday following a dividend announcement from the company. The company traded as high as $9.66 and last traded at $9.66. Approximately 238 shares changed hands during trading, a decline of 96% from the average daily volume of 6,281 shares. The stock had previously closed at $9.61.

The newly announced dividend which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.041 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.49 annualized dividend and a yield of 5.09%.

BlackRock Enhanced Government Fund Stock Performance

The stock has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its holdings in BlackRock Enhanced Government Fund by 42.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 23,624 shares of the company’s stock worth $221,000 after buying an additional 7,027 shares during the last quarter. Melfa Wealth Management Inc. raised its holdings in BlackRock Enhanced Government Fund by 51.6% in the 2nd quarter. Melfa Wealth Management Inc. now owns 17,822 shares of the company’s stock valued at $166,000 after acquiring an additional 6,066 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in BlackRock Enhanced Government Fund by 3.6% during the third quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock worth $1,185,000 after buying an additional 4,090 shares in the last quarter.

About BlackRock Enhanced Government Fund

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S.