Closed End Fund Advisors Inc. Makes New Investment in BlackRock Enhanced Global Dividend Trust $BOE

Closed End Fund Advisors Inc. purchased a new position in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) in the fourth quarter, HoldingsChannel reports. The firm purchased 50,822 shares of the financial services provider’s stock, valued at approximately $595,000.

A number of other hedge funds have also modified their holdings of BOE. Harbour Investments Inc. grew its holdings in BlackRock Enhanced Global Dividend Trust by 12,792.3% during the 4th quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock valued at $59,000 after buying an additional 4,989 shares in the last quarter. Webster Bank N. A. purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at approximately $70,000. Jackson Grant Investment Advisers Inc. purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at approximately $85,000. VSM Wealth Advisory LLC grew its holdings in BlackRock Enhanced Global Dividend Trust by 436.9% during the 3rd quarter. VSM Wealth Advisory LLC now owns 8,091 shares of the financial services provider’s stock valued at $94,000 after buying an additional 6,584 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in BlackRock Enhanced Global Dividend Trust during the 3rd quarter valued at approximately $116,000.

BlackRock Enhanced Global Dividend Trust Stock Down 2.3%

Shares of 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 company has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $11.66.

About BlackRock Enhanced Global Dividend Trust

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.