BlackRock Enhanced Government Fund (NYSE:EGF) Trading Up 0.4% Following Dividend Announcement

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF)’s stock price shot up 0.4% on Monday following a dividend announcement from the company. The stock traded as high as $10.00 and last traded at $9.95. 8,413 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 5,973 shares. The stock had previously closed at $9.91.

The newly announced dividend which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a $0.041 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Monday, December 16th.

BlackRock Enhanced Government Fund Stock Performance

The company’s 50 day moving average price is $9.91 and its 200-day moving average price is $9.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BlackRock Enhanced Government Fund stock. Wolverine Asset Management LLC boosted its position in shares of BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) by 42.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,624 shares of the company’s stock after acquiring an additional 7,027 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Enhanced Government Fund were worth $221,000 as of its most recent SEC filing.

About BlackRock Enhanced Government Fund

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.