City of London Investment Management Co. Ltd. Acquires 1,007,666 Shares of BlackRock Enhanced International Dividend Trust (NYSE:BGY)

City of London Investment Management Co. Ltd. raised its stake in BlackRock Enhanced International Dividend Trust (NYSE:BGY) by 90.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,124,376 shares of the investment management company’s stock after acquiring an additional 1,007,666 shares during the quarter. BlackRock Enhanced International Dividend Trust makes up approximately 1.0% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 23rd largest position. City of London Investment Management Co. Ltd.’s holdings in BlackRock Enhanced International Dividend Trust were worth $11,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Luken Investment Analytics LLC bought a new stake in shares of BlackRock Enhanced International Dividend Trust during the second quarter worth $33,000. ORG Partners LLC bought a new stake in BlackRock Enhanced International Dividend Trust during the 1st quarter worth $40,000. Nomura Holdings Inc. bought a new stake in BlackRock Enhanced International Dividend Trust during the 4th quarter worth $76,000. Weiss Asset Management LP acquired a new position in BlackRock Enhanced International Dividend Trust in the 4th quarter worth about $92,000. Finally, Hartline Investment Corp bought a new position in BlackRock Enhanced International Dividend Trust in the first quarter valued at about $97,000.

BlackRock Enhanced International Dividend Trust Price Performance

Shares of BGY stock opened at $5.70 on Monday. The business’s 50-day moving average price is $5.62 and its 200-day moving average price is $5.50. BlackRock Enhanced International Dividend Trust has a 12 month low of $4.68 and a 12 month high of $5.82.

BlackRock Enhanced International Dividend Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0338 per share. The ex-dividend date is Tuesday, October 15th.

About BlackRock Enhanced International Dividend Trust

BlackRock Enhanced International Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe excluding the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.