BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.76 and traded as high as $5.83. BlackRock Enhanced International Dividend Trust shares last traded at $5.7940, with a volume of 247,368 shares traded.

BlackRock Enhanced International Dividend Trust Stock Up 1.0%

The company’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $5.76.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0426 dividend. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock Enhanced International Dividend Trust

A number of large investors have recently modified their holdings of BGY. WNY Asset Management LLC purchased a new position in BlackRock Enhanced International Dividend Trust in the first quarter valued at about $8,139,000. Lazard Asset Management LLC boosted its stake in shares of BlackRock Enhanced International Dividend Trust by 116.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,380,446 shares of the investment management company’s stock worth $8,117,000 after acquiring an additional 742,180 shares in the last quarter. Morgan Stanley grew its holdings in shares of BlackRock Enhanced International Dividend Trust by 5.4% in the 4th quarter. Morgan Stanley now owns 8,911,994 shares of the investment management company’s stock worth $52,403,000 after acquiring an additional 455,294 shares during the period. &PARTNERS grew its holdings in shares of BlackRock Enhanced International Dividend Trust by 1,327.3% in the 4th quarter. &PARTNERS now owns 244,974 shares of the investment management company’s stock worth $1,440,000 after acquiring an additional 227,811 shares during the period. Finally, Readystate Asset Management LP increased its stake in BlackRock Enhanced International Dividend Trust by 441.6% in the 1st quarter. Readystate Asset Management LP now owns 156,097 shares of the investment management company’s stock valued at $844,000 after purchasing an additional 127,278 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.