Sit Investment Associates Inc. Buys 402,308 Shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE)

Sit Investment Associates Inc. increased its stake in shares of BlackRock Enhanced Global Dividend Trust (NYSE:BOE) by 44.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,315,521 shares of the financial services provider’s stock after buying an additional 402,308 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock Enhanced Global Dividend Trust were worth $14,168,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Modern Wealth Management LLC acquired a new position in BlackRock Enhanced Global Dividend Trust during the fourth quarter worth $128,000. Level Four Advisory Services LLC increased its position in shares of BlackRock Enhanced Global Dividend Trust by 25.7% during the 4th quarter. Level Four Advisory Services LLC now owns 12,737 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,607 shares in the last quarter. Illumine Investment Management LLC bought a new position in BlackRock Enhanced Global Dividend Trust during the 4th quarter valued at about $140,000. WealthShield Partners LLC boosted its position in BlackRock Enhanced Global Dividend Trust by 56.8% in the fourth quarter. WealthShield Partners LLC now owns 16,315 shares of the financial services provider’s stock valued at $176,000 after buying an additional 5,907 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in BlackRock Enhanced Global Dividend Trust during the third quarter worth about $201,000.

BlackRock Enhanced Global Dividend Trust Stock Down 7.1 %

NYSE BOE opened at $9.89 on Friday. BlackRock Enhanced Global Dividend Trust has a 1-year low of $9.80 and a 1-year high of $11.47. The company has a 50 day moving average of $11.11 and a 200-day moving average of $11.15.

BlackRock Enhanced Global Dividend Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0827 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.99 annualized dividend and a yield of 10.04%.

About BlackRock Enhanced Global Dividend Trust

BlackRock Enhanced Global 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. The fund seeks to invest in stocks of companies operating across diversified sectors.