Saba Capital Management L.P. Has $6.21 Million Stock Position in BlackRock Enhanced Global Dividend Trust $BOE

Saba Capital Management L.P. cut its stake in BlackRock Enhanced Global Dividend Trust (NYSE:BOE) by 77.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 566,317 shares of the financial services provider’s stock after selling 1,988,746 shares during the period. Saba Capital Management L.P.’s holdings in BlackRock Enhanced Global Dividend Trust were worth $6,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in shares of BlackRock Enhanced Global Dividend Trust by 12,792.3% in the 4th quarter. Harbour Investments Inc. now owns 5,028 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 4,989 shares during the period. Webster Bank N. A. bought a new stake in shares of BlackRock Enhanced Global Dividend Trust in the 4th quarter valued at $70,000. Advisory Services Network LLC acquired a new stake in shares of BlackRock Enhanced Global Dividend Trust during the third quarter worth $116,000. Commerce Bank increased its position in shares of BlackRock Enhanced Global Dividend Trust by 10.6% during the fourth quarter. Commerce Bank now owns 11,329 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,086 shares during the period. Finally, Moors & Cabot Inc. bought a new position in BlackRock Enhanced Global Dividend Trust during the third quarter worth $136,000.

BlackRock Enhanced Global Dividend Trust Stock Performance

BOE stock opened at $11.87 on Tuesday. BlackRock Enhanced Global Dividend Trust has a 12-month low of $10.59 and a 12-month high of $12.35. The company’s fifty day simple moving average is $11.95 and its 200 day simple moving average is $11.76.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.4%.

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.