BlackRock Enhanced Government Fund (NYSE:EGF) Shares Up 0.5% Following Dividend Announcement

Shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) traded up 0.5% on Monday after the company announced a dividend. The stock traded as high as $9.66 and last traded at $9.66. 238 shares were traded during trading, a decline of 96% from the average session volume of 6,281 shares. The stock had previously closed at $9.61.

The newly announced dividend which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.041 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.49 annualized dividend and a dividend yield of 5.09%.

BlackRock Enhanced Government Fund Trading Up 0.5 %

The company has a 50 day moving average of $9.96 and a two-hundred day moving average of $9.61.

Institutional Trading of BlackRock Enhanced Government Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Melfa Wealth Management Inc. increased its stake in BlackRock Enhanced Government Fund by 51.6% in the 2nd quarter. Melfa Wealth Management Inc. now owns 17,822 shares of the company’s stock worth $166,000 after purchasing an additional 6,066 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in BlackRock Enhanced Government Fund by 42.3% during the second quarter. Wolverine Asset Management LLC now owns 23,624 shares of the company’s stock valued at $221,000 after buying an additional 7,027 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of BlackRock Enhanced Government Fund by 3.6% in the third quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock worth $1,185,000 after buying an additional 4,090 shares during the period.

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.