BlackRock Enhanced Government Fund (NYSE:EGF) Shares Down 0.2%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) fell 0.2% during trading on Wednesday . The stock traded as low as $9.07 and last traded at $9.11. 5,347 shares traded hands during trading, a decline of 37% from the average session volume of 8,480 shares. The stock had previously closed at $9.13.

BlackRock Enhanced Government Fund Stock Performance

The firm’s 50-day simple moving average is $9.38 and its 200 day simple moving average is $9.55.

BlackRock Enhanced Government Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.041 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.49 annualized dividend and a dividend yield of 5.39%.

Institutional Investors Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently bought a new stake in BlackRock Enhanced Government Fund stock. Accuvest Global Advisors acquired a new position in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,673 shares of the company’s stock, valued at approximately $114,000.

About BlackRock Enhanced Government Fund

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S.