BlackRock Enhanced Government Fund (NYSE:EGF) Shares Down 0.2%

BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) shares dropped 0.2% on Wednesday . The stock traded as low as $9.07 and last traded at $9.11. Approximately 5,347 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 8,480 shares. The stock had previously closed at $9.13.

BlackRock Enhanced Government Fund Price Performance

The firm’s 50 day moving average price is $9.39 and its two-hundred day moving average price is $9.55.

BlackRock Enhanced Government Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.041 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.49 annualized dividend and a dividend yield of 5.40%.

Hedge Funds Weigh In On BlackRock Enhanced Government Fund

A hedge fund recently bought a new stake in BlackRock Enhanced Government Fund stock. Accuvest Global Advisors bought a new position in BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,673 shares of the company’s stock, valued at approximately $114,000.

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.