Insider Selling: BLACKROCK 2022/COM (NYSE:BGIO) Portfolio Manager Sells $45,650.00 in Stock

BLACKROCK 2022/COM (NYSE:BGIO) Portfolio Manager Richard M. Rieder sold 5,500 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $8.30, for a total transaction of $45,650.00. Following the completion of the sale, the portfolio manager now directly owns 489,397 shares of the company’s stock, valued at $4,061,995.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE BGIO opened at $8.24 on Monday. BLACKROCK 2022/COM has a one year low of $5.66 and a one year high of $9.95. The company’s 50-day simple moving average is $8.35 and its two-hundred day simple moving average is $8.57.

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $0.60 annualized dividend and a dividend yield of 7.28%.

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. bought a new position in BLACKROCK 2022/COM in the first quarter worth approximately $587,000. Stifel Financial Corp boosted its position in BLACKROCK 2022/COM by 83.8% during the 4th quarter. Stifel Financial Corp now owns 101,253 shares of the company’s stock valued at $1,005,000 after acquiring an additional 46,172 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BLACKROCK 2022/COM by 4.6% in the 1st quarter. Wells Fargo & Company MN now owns 744,984 shares of the company’s stock valued at $5,647,000 after acquiring an additional 32,439 shares during the period. Royal Fund Management LLC bought a new position in shares of BLACKROCK 2022/COM in the 1st quarter worth $198,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of BLACKROCK 2022/COM during the 1st quarter worth $112,000.

BLACKROCK 2022/COM Company Profile

BlackRock 2022 Global Income Opportunity Trust is a closed ended fixed income launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC, BlackRock International Limited, and BlackRock (Singapore) Limited. It invests primarily in fixed income markets across the globe. The fund benchmarks the performance of its portfolio against the Bloomberg Barclays 1-3 Month U.S.

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