BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

BlackRock Enhanced International Dividend Trust (NYSE:BGY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.77 and traded as high as $5.88. BlackRock Enhanced International Dividend Trust shares last traded at $5.87, with a volume of 265,561 shares traded.

BlackRock Enhanced International Dividend Trust Stock Performance

The firm’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $5.77.

BlackRock Enhanced International Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 yield of 8.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of BlackRock Enhanced International Dividend Trust by 4.6% in the 1st quarter. Royal Bank of Canada now owns 264,938 shares of the investment management company’s stock valued at $1,486,000 after acquiring an additional 11,717 shares during the last quarter. Cetera Investment Advisers purchased a new position in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth approximately $80,000. XTX Topco Ltd purchased a new position in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth approximately $67,000. Walleye Capital LLC bought a new stake in BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $165,000. Finally, Jane Street Group LLC bought a new stake in BlackRock Enhanced International Dividend Trust in the second quarter valued at approximately $254,000.

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.