BlackRock Enhanced International Dividend Trust (NYSE:BGY) Stock Crosses Above 200-Day Moving Average – What’s Next?

BlackRock Enhanced International Dividend Trust (NYSE:BGY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.84 and traded as high as $6.22. BlackRock Enhanced International Dividend Trust shares last traded at $6.1850, with a volume of 201,247 shares traded.

BlackRock Enhanced International Dividend Trust Stock Performance

The stock has a 50 day simple moving average of $5.99 and a 200-day simple moving average of $5.84.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.0426 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of BlackRock Enhanced International Dividend Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BGY. NewEdge Advisors LLC lifted its stake in shares of BlackRock Enhanced International Dividend Trust by 14.3% in the fourth quarter. NewEdge Advisors LLC now owns 39,123 shares of the investment management company’s stock worth $230,000 after buying an additional 4,891 shares in the last quarter. Evolve Private Wealth LLC bought a new position in BlackRock Enhanced International Dividend Trust in the 4th quarter valued at approximately $66,000. Guggenheim Capital LLC boosted its stake in BlackRock Enhanced International Dividend Trust by 42.9% during the 4th quarter. Guggenheim Capital LLC now owns 360,572 shares of the investment management company’s stock valued at $2,120,000 after purchasing an additional 108,273 shares during the last quarter. Lazard Asset Management LLC boosted its stake in BlackRock Enhanced International Dividend Trust by 116.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,380,446 shares of the investment management company’s stock valued at $8,117,000 after purchasing an additional 742,180 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in shares of BlackRock Enhanced International Dividend Trust in the fourth quarter worth $71,000.

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.