BlackRock Enhanced Government Fund (NYSEARCA:BTK) Trading Up 0.1% – Should You Buy?

BlackRock Enhanced Government Fund, Inc. (NYSEARCA:BTK) shares traded up 0.1% during trading on Friday . The company traded as high as $9.77 and last traded at $9.7650. Approximately 1,831 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 3,738 shares. The stock had previously closed at $9.76.

BlackRock Enhanced Government Fund Price Performance

The company has a 50 day moving average of $9.76 and a two-hundred day moving average of $9.77.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently bought a new position in BlackRock Enhanced Government Fund stock. Roman Butler Fullerton & Co. bought a new position in BlackRock Enhanced Government Fund, Inc. (NYSEARCA:BTK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,979 shares of the company’s stock, valued at approximately $205,000.

BlackRock Enhanced Government Fund Company Profile

BlackRock Enhanced Government Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in a portfolio of United States government and government agency securities, including the U.S. government mortgage-backed securities. The fund invests in non U.S. government debt securities of foreign or domestic issuers, including commercial paper, notes, corporate bonds, debentures, asset-backed securities, mortgage-backed securities, corporate loans, sovereign debt securities, and money market securities.