BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Falls 0.8% – Time to Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY) was down 0.8% on Friday. The company traded as low as $5.33 and last traded at $5.3490. 317,560 shares were traded during mid-day trading, an increase of 1% from the average session volume of 314,955 shares. The stock had previously closed at $5.39.

BlackRock Enhanced International Dividend Trust Price Performance

The stock has a 50 day moving average of $5.64 and a 200 day moving average of $5.74.

BlackRock Enhanced International Dividend Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0426 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.51 annualized dividend and a dividend yield of 9.6%.

Institutional Trading of BlackRock Enhanced International Dividend Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BGY. Cetera Investment Advisers increased its position in shares of BlackRock Enhanced International Dividend Trust by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 2,696 shares during the last quarter. Kestra Advisory Services LLC lifted its position in BlackRock Enhanced International Dividend Trust by 4.4% in the third quarter. Kestra Advisory Services LLC now owns 85,445 shares of the investment management company’s stock worth $481,000 after buying an additional 3,619 shares during the last quarter. Pension & Wealth Management Advisors Inc. lifted its position in BlackRock Enhanced International Dividend Trust by 2.5% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 187,189 shares of the investment management company’s stock worth $1,054,000 after buying an additional 4,548 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in BlackRock Enhanced International Dividend Trust by 16.7% during the third quarter. Blue Bell Private Wealth Management LLC now owns 55,262 shares of the investment management company’s stock worth $311,000 after buying an additional 7,899 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in BlackRock Enhanced International Dividend Trust by 175.4% during the third quarter. Farther Finance Advisors LLC now owns 18,688 shares of the investment management company’s stock worth $105,000 after buying an additional 11,903 shares during the period.

BlackRock Enhanced International Dividend Trust Company Profile

BlackRock Enhanced International Dividend Trust is a diversified closed-end fund listed on the New York Stock Exchange under the symbol BGY. The fund seeks to provide investors with current income and long-term total return through a combination of dividend income and capital appreciation.

BGY invests primarily in equity securities issued by companies outside the United States, with an emphasis on established businesses that pay or are expected to pay dividends. Its portfolio may include companies across developed and emerging international markets and a range of industries.