City of London Investment Management Co. Ltd. Acquires 136,515 Shares of BlackRock Enhanced International Dividend Trust $BGY

City of London Investment Management Co. Ltd. lifted its holdings in BlackRock Enhanced International Dividend Trust (NYSE:BGY) by 7.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,973,384 shares of the investment management company’s stock after buying an additional 136,515 shares during the quarter. BlackRock Enhanced International Dividend Trust accounts for 0.8% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 27th biggest holding. City of London Investment Management Co. Ltd.’s holdings in BlackRock Enhanced International Dividend Trust were worth $11,347,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in BlackRock Enhanced International Dividend Trust during the third quarter worth $31,000. Captrust Financial Advisors acquired a new stake in shares of BlackRock Enhanced International Dividend Trust in the second quarter worth about $61,000. XTX Topco Ltd acquired a new stake in shares of BlackRock Enhanced International Dividend Trust in the second quarter worth about $67,000. Benjamin Edwards Inc. bought a new stake in shares of BlackRock Enhanced International Dividend Trust during the 3rd quarter worth about $68,000. Finally, Alteri Wealth LLC bought a new stake in shares of BlackRock Enhanced International Dividend Trust during the 3rd quarter worth about $72,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of NYSE BGY opened at $5.56 on Friday. The business’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $5.84. BlackRock Enhanced International Dividend Trust has a 52 week low of $4.67 and a 52 week high of $6.23.

BlackRock Enhanced International Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.0426 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

BlackRock Enhanced International Dividend Trust Profile

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.