BlackRock Enhanced International Dividend Trust (NYSE:BGY) Shares Cross Above 200-Day Moving Average – Time to Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.75 and traded as high as $5.92. BlackRock Enhanced International Dividend Trust shares last traded at $5.8950, with a volume of 263,142 shares traded.

BlackRock Enhanced International Dividend Trust Stock Up 0.5%

The firm has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.76.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0426 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.6%.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of hedge funds have recently modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in BlackRock Enhanced International Dividend Trust by 21.6% during the fourth quarter. Benjamin Edwards Inc. now owns 14,354 shares of the investment management company’s stock valued at $84,000 after acquiring an additional 2,549 shares during the period. Cetera Investment Advisers boosted its stake in shares of BlackRock Enhanced International Dividend Trust by 16.0% in the first quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock worth $106,000 after acquiring an additional 2,696 shares during the period. Endeavor Private Wealth Inc. grew its position in shares of BlackRock Enhanced International Dividend Trust by 9.1% during the fourth quarter. Endeavor Private Wealth Inc. now owns 38,449 shares of the investment management company’s stock worth $226,000 after purchasing an additional 3,199 shares in the last quarter. UBS Group AG raised its stake in BlackRock Enhanced International Dividend Trust by 1.2% during the 3rd quarter. UBS Group AG now owns 365,958 shares of the investment management company’s stock valued at $2,104,000 after purchasing an additional 4,181 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in BlackRock Enhanced International Dividend Trust by 95.1% in the 4th quarter. Harbour Investments Inc. now owns 8,965 shares of the investment management company’s stock worth $53,000 after purchasing an additional 4,370 shares in the last quarter.

About BlackRock Enhanced International Dividend Trust

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.