Waterfront Wealth Inc. lessened its stake in BlackRock Enhanced International Dividend Trust (NYSE:BGY – Free Report) by 21.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,764,031 shares of the investment management company’s stock after selling 487,145 shares during the quarter. BlackRock Enhanced International Dividend Trust accounts for about 1.8% of Waterfront Wealth Inc.’s portfolio, making the stock its 7th largest position. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced International Dividend Trust were worth $9,543,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. increased its position in shares of BlackRock Enhanced International Dividend Trust by 7.4% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,973,384 shares of the investment management company’s stock worth $11,347,000 after purchasing an additional 136,515 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of BlackRock Enhanced International Dividend Trust during the fourth quarter worth about $66,000. Captrust Financial Advisors acquired a new position in BlackRock Enhanced International Dividend Trust in the second quarter worth about $61,000. Comprehensive Money Management Services LLC grew its stake in BlackRock Enhanced International Dividend Trust by 5.8% in the first quarter. Comprehensive Money Management Services LLC now owns 80,262 shares of the investment management company’s stock worth $434,000 after purchasing an additional 4,386 shares in the last quarter. Finally, Endeavor Private Wealth Inc. increased its holdings in BlackRock Enhanced International Dividend Trust by 9.1% in the fourth quarter. Endeavor Private Wealth Inc. now owns 38,449 shares of the investment management company’s stock valued at $226,000 after buying an additional 3,199 shares during the last quarter.
BlackRock Enhanced International Dividend Trust Price Performance
Shares of BlackRock Enhanced International Dividend Trust stock opened at $5.80 on Friday. The business has a 50-day moving average price of $5.73 and a 200 day moving average price of $5.79. BlackRock Enhanced International Dividend Trust has a fifty-two week low of $5.19 and a fifty-two week high of $6.23.
BlackRock Enhanced International Dividend Trust Announces Dividend
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.
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