BlackRock Enhanced International Dividend Trust (NYSE:BGY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of BlackRock Enhanced International Dividend Trust (NYSE:BGY) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $5.72 and traded as high as $5.76. BlackRock Enhanced International Dividend Trust shares last traded at $5.6450, with a volume of 465,968 shares.

BlackRock Enhanced International Dividend Trust Stock Performance

The firm’s fifty day moving average price is $5.81 and its 200 day moving average price is $5.72.

BlackRock Enhanced International Dividend Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0426 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.51 dividend on an annualized basis and a yield of 9.1%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BGY. Harbour Investments Inc. grew its stake in shares of 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 valued at $53,000 after buying an additional 4,370 shares in the last quarter. Cetera Investment Advisers raised its position in BlackRock Enhanced International Dividend Trust by 16.0% during the first quarter. Cetera Investment Advisers now owns 19,559 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 2,696 shares in the last quarter. Endeavor Private Wealth Inc. raised its position in 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 valued at $226,000 after acquiring an additional 3,199 shares in the last quarter. Gainline Financial Partners LLC acquired a new stake in BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $237,000. Finally, Comprehensive Money Management Services LLC grew its position in BlackRock Enhanced International Dividend Trust by 5.8% in the first quarter. Comprehensive Money Management Services LLC now owns 80,262 shares of the investment management company’s stock worth $434,000 after acquiring an additional 4,386 shares in the last quarter.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust (NYSE: BGY) is a closed-end investment company that seeks to provide current income and current gains, with long-term capital appreciation as a secondary objective. The fund invests primarily in dividend-paying equity securities issued by companies located outside the United States.

BGY provides diversified exposure to international markets, including companies in developed and emerging economies. Its portfolio may span multiple industries and regions, allowing shareholders to participate in the income potential and growth prospects of non-U.S.