BlackRock Enhanced Global Dividend Trust (BOE) Shares Down 5.4%

BlackRock Enhanced Global Dividend Trust (NYSE:BOE) traded down 5.4% on Monday . The stock traded as low as $11.35 and last traded at $11.80. 503,237 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 348,527 shares. The stock had previously closed at $12.47.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.94 annualized dividend and a yield of 7.93%.

A number of hedge funds have recently modified their holdings of the stock. Claraphi Advisory Network LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $323,000. IFC Holdings Incorporated FL grew its stake in BlackRock Enhanced Global Dividend Trust by 29.9% in the fourth quarter. IFC Holdings Incorporated FL now owns 18,368 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 4,226 shares during the period. Starfire Investment Advisers Inc. bought a new stake in BlackRock Enhanced Global Dividend Trust in the fourth quarter worth $639,000. Belpointe Asset Management LLC bought a new stake in BlackRock Enhanced Global Dividend Trust in the third quarter worth $145,000. Finally, Wayne Hummer Investments L.L.C. bought a new stake in BlackRock Enhanced Global Dividend Trust in the third quarter worth $141,000.

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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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