BlackRock Enhanced Global Dividend Trust (NYSE:BOE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.65 and traded as high as $12.02. BlackRock Enhanced Global Dividend Trust shares last traded at $12.00, with a volume of 118,216 shares trading hands.

BlackRock Enhanced Global Dividend Trust Price Performance

The stock has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.65.

Institutional Trading of BlackRock Enhanced Global Dividend Trust

A number of hedge funds have recently made changes to their positions in BOE. Lazard Asset Management LLC lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 247.3% in the fourth quarter. Lazard Asset Management LLC now owns 888,386 shares of the financial services provider’s stock valued at $10,403,000 after buying an additional 632,567 shares during the last quarter. Morgan Stanley lifted its holdings in BlackRock Enhanced Global Dividend Trust by 3.0% during the 4th quarter. Morgan Stanley now owns 7,519,901 shares of the financial services provider’s stock worth $88,058,000 after purchasing an additional 220,422 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 23.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock worth $9,932,000 after purchasing an additional 162,045 shares during the last quarter. Saba Capital Management L.P. lifted its holdings in BlackRock Enhanced Global Dividend Trust by 6.7% during the 4th quarter. Saba Capital Management L.P. now owns 2,555,063 shares of the financial services provider’s stock worth $29,920,000 after purchasing an additional 160,525 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in BlackRock Enhanced Global Dividend Trust by 13.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,148,096 shares of the financial services provider’s stock worth $13,444,000 after purchasing an additional 137,344 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.