BlackRock Enhanced International Dividend Trust (NYSE:BGY – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.74 and traded as high as $5.94. BlackRock Enhanced International Dividend Trust shares last traded at $5.92, with a volume of 129,644 shares changing hands.
BlackRock Enhanced International Dividend Trust Stock Performance
The stock’s 50-day moving average is $5.80 and its 200-day moving average is $5.74.
Institutional Investors Weigh In On BlackRock Enhanced International Dividend Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in BlackRock Enhanced International Dividend Trust by 4.6% in the first quarter. Royal Bank of Canada now owns 264,938 shares of the investment management company’s stock valued at $1,486,000 after purchasing an additional 11,717 shares during the last quarter. Cetera Investment Advisers acquired a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth about $80,000. XTX Topco Ltd acquired a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter worth about $67,000. Walleye Capital LLC purchased a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at about $165,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock Enhanced International Dividend Trust in the 2nd quarter valued at about $254,000.
BlackRock Enhanced International Dividend Trust Company Profile
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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