BlackRock Enhanced Global Dividend Trust
BOE
92 hedge funds and large institutions have $176M invested in BlackRock Enhanced Global Dividend Trust in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 21 reducing their positions, and 11 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 21
1.08% more ownership
Funds ownership: 30.44% → 31.52% (+1.1%)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
2% less funds holding
Funds holding: 94 → 92 (-2)
22% less capital invested
Capital invested by funds: $225M → $176M (-$49.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.6M |
| 2 |
Morgan Stanley
New York
|
+$2.67M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.41M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$937K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$791K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$4.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.83M |
| 3 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$2.4M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.46M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.01M |
BOE Hedge Fund Activity: Q1 2020 in Review
92 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock Enhanced Global Dividend Trust (BOE) for Q1 2020, worth a combined $176M — down 22% from $225M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BOE positions and 11 closed out — a net gain of 1 holder — while 33 added to existing stakes and 21 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $11.6M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $4.5M sold.
- 92 institutional investors held BlackRock Enhanced Global Dividend Trust (BOE) as of Q1 2020, down from 94 in Q4 2019.
- Funds reported $176M of BlackRock Enhanced Global Dividend Trust stock for Q1 2020, down 22% quarter-over-quarter.
- 12 funds opened new BlackRock Enhanced Global Dividend Trust positions in Q1 2020 and 11 closed out, a net change of +1 holder.
- The largest BlackRock Enhanced Global Dividend Trust buyer in Q1 2020 was Karpus Investment Management, an estimated $11.6M added.
- The largest BlackRock Enhanced Global Dividend Trust seller in Q1 2020 was Cornerstone Advisors, an estimated $4.5M sold.
Based on aggregated 13F filings for Q1 2020.