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

BlackRock Enhanced Global Dividend Trust (NYSE:BOE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.77 and traded as high as $12.38. BlackRock Enhanced Global Dividend Trust shares last traded at $12.2850, with a volume of 116,576 shares traded.

BlackRock Enhanced Global Dividend Trust Trading Up 0.1%

The company’s 50 day simple moving average is $11.99 and its 200-day simple moving average is $11.77.

BlackRock Enhanced Global Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0827 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BOE. Allied Private Wealth LLC acquired a new position in BlackRock Enhanced Global Dividend Trust in the second quarter valued at $41,000. Bank of America Corp DE boosted its stake in BlackRock Enhanced Global Dividend Trust by 10.8% in the 1st quarter. Bank of America Corp DE now owns 212,740 shares of the financial services provider’s stock worth $2,332,000 after buying an additional 20,790 shares during the last quarter. Royal Bank of Canada boosted its stake in BlackRock Enhanced Global Dividend Trust by 1.6% in the 1st quarter. Royal Bank of Canada now owns 263,164 shares of the financial services provider’s stock worth $2,885,000 after buying an additional 4,110 shares during the last quarter. Waverly Advisors LLC grew its holdings in BlackRock Enhanced Global Dividend Trust by 15.6% in the 1st quarter. Waverly Advisors LLC now owns 22,673 shares of the financial services provider’s stock valued at $248,000 after buying an additional 3,056 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of BlackRock Enhanced Global Dividend Trust by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 96,253 shares of the financial services provider’s stock valued at $1,055,000 after acquiring an additional 13,179 shares during the last quarter.

BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.