BlackRock Enhanced Government Fund (NYSE:EGF) Trading Up 1% – Time to Buy?

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF)’s stock price shot up 1% on Tuesday . The company traded as high as $9.84 and last traded at $9.75. 3,481 shares changed hands during mid-day trading, an increase of 60% from the average session volume of 2,178 shares. The stock had previously closed at $9.65.

BlackRock Enhanced Government Fund Stock Up 1.0 %

The business’s 50 day moving average price is $9.72 and its two-hundred day moving average price is $9.86.

BlackRock Enhanced Government Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.041 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of BlackRock Enhanced Government Fund

Institutional investors have recently made changes to their positions in the stock. Transform Wealth LLC acquired a new stake in shares of BlackRock Enhanced Government Fund in the 4th quarter worth approximately $103,000. Private Advisor Group LLC acquired a new stake in BlackRock Enhanced Government Fund during the fourth quarter valued at approximately $575,000. Finally, Fiera Capital Corp lifted its stake in BlackRock Enhanced Government Fund by 3.6% during the third quarter. Fiera Capital Corp now owns 118,486 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,090 shares during the last quarter.

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.