Pointe Capital Management LLC cut its stake in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,231 shares of the financial services provider’s stock after selling 5,000 shares during the period. Pointe Capital Management LLC’s holdings in BlackRock Enhanced Global Dividend Trust were worth $719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley increased its position in shares of BlackRock Enhanced Global Dividend Trust by 3.6% in the first quarter. Morgan Stanley now owns 3,923,017 shares of the financial services provider’s stock valued at $48,645,000 after buying an additional 137,719 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BlackRock Enhanced Global Dividend Trust by 18.6% in the first quarter. Wells Fargo & Company MN now owns 1,960,851 shares of the financial services provider’s stock valued at $24,314,000 after buying an additional 307,126 shares in the last quarter. Bank of America Corp DE increased its position in shares of BlackRock Enhanced Global Dividend Trust by 22.2% in the first quarter. Bank of America Corp DE now owns 528,162 shares of the financial services provider’s stock valued at $6,549,000 after buying an additional 95,818 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of BlackRock Enhanced Global Dividend Trust by 8.4% in the first quarter. Ameriprise Financial Inc. now owns 111,186 shares of the financial services provider’s stock valued at $1,380,000 after buying an additional 8,643 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in shares of BlackRock Enhanced Global Dividend Trust during the first quarter valued at about $1,207,000.

BlackRock Enhanced Global Dividend Trust (NYSE BOE) opened at 13.23 on Thursday. The stock has a 50 day moving average of $13.41 and a 200 day moving average of $12.86. BlackRock Enhanced Global Dividend Trust has a 52 week low of $11.29 and a 52 week high of $13.66.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.078 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend is Friday, August 11th.

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BlackRock Enhanced Global Dividend Trust Company Profile

BlackRock Enhanced Global Dividend Trust (the Trust), formerly BlackRock Global Opportunities Equity Trust, is a diversified, closed-end management investment company. The Trust’s investment objective is to provide current income and current gains, with a secondary objective of long-term capital appreciation.

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Institutional Ownership by Quarter for BlackRock Enhanced Global Dividend Trust (NYSE:BOE)

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