Closed End Fund Advisors Inc. Invests $595,000 in BlackRock Enhanced Global Dividend Trust $BOE

Closed End Fund Advisors Inc. acquired a new position in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,822 shares of the financial services provider’s stock, valued at approximately $595,000.

Several other institutional investors have also recently made changes to their positions in BOE. Advisors Asset Management Inc. lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 23.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 858,422 shares of the financial services provider’s stock worth $9,932,000 after purchasing an additional 162,045 shares during the period. Sax Wealth Advisors LLC bought a new position in shares of BlackRock Enhanced Global Dividend Trust in the 4th quarter worth approximately $999,000. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock Enhanced Global Dividend Trust by 24.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 325,848 shares of the financial services provider’s stock worth $3,816,000 after purchasing an additional 63,243 shares during the period. Wolverine Asset Management LLC raised its stake in BlackRock Enhanced Global Dividend Trust by 39.1% during the 4th quarter. Wolverine Asset Management LLC now owns 214,519 shares of the financial services provider’s stock worth $2,512,000 after acquiring an additional 60,282 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in BlackRock Enhanced Global Dividend Trust during the 2nd quarter worth approximately $672,000.

BlackRock Enhanced Global Dividend Trust Stock Down 2.3%

Shares of NYSE:BOE opened at $11.71 on Friday. BlackRock Enhanced Global Dividend Trust has a 1-year low of $10.59 and a 1-year high of $12.18. The firm’s 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $11.66.

BlackRock Enhanced Global Dividend Trust Profile

BlackRock Enhanced Global Dividend Trust (NYSE: BOE) is a closed-end management investment company designed to deliver a combination of high current income and capital appreciation. Listed on the New York Stock Exchange, the trust seeks to achieve its objective by investing primarily in a diversified portfolio of dividend-paying equity securities from companies around the world. To enhance income generation, BOE employs a systematic covered-call option writing strategy on a portion of its equity holdings.

The trust’s investment strategy emphasizes a global scope, allocating across developed and emerging market equities to capture dividend yields while managing geographic and sector risks.