Notable Runner: Blackrock Enhanced Government Fund Inc (NYSE:EGF) Move Down as Institutional Investors’ Sentiment Falls

November 18, 2016 - By Richard Conner   ·   0 Comments

Notable Runner: Blackrock Enhanced Government Fund Inc (NYSE:EGF) Move Down as Institutional Investors' Sentiment  Falls

Sentiment for Blackrock Enhanced Government Fund Inc (NYSE:EGF)

Blackrock Enhanced Government Fund Inc (NYSE:EGF) institutional sentiment decreased to 0.63 in 2016 Q2. Its down -0.97, from 1.6 in 2016Q1. The ratio has worsened, as 8 investment managers started new or increased equity positions, while 5 sold and reduced their positions in Blackrock Enhanced Government Fund Inc. The investment managers in our partner’s database reported: 4.58 million shares, up from 4.30 million shares in 2016Q1. Also, the number of investment managers holding Blackrock Enhanced Government Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 6 New Position: 2.

BlackRock Enhanced Government Fund, Inc. is a diversified, closed-end management investment company. The company has a market cap of $96.63 million. The Fund’s investment objective is to provide shareholders with current income and gains. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of the United States Government securities and the United States Government Agency securities, including the United States Government mortgage-backed securities that pay interest in an attempt to generate current income, and by employing a strategy of writing call options on individual or baskets of the United States Government securities, the United States Government Agency securities or other debt securities held by the Fund in an attempt to generate gains from option premiums.

About 5,068 shares traded hands. BlackRock Enhanced Government Fund Inc (NYSE:EGF) has declined 0.96% since April 18, 2016 and is downtrending. It has underperformed by 5.39% the S&P500.

Sit Investment Associates Inc holds 0.85% of its portfolio in BlackRock Enhanced Government Fund Inc for 2.33 million shares. 1607 Capital Partners Llc owns 782,956 shares or 0.73% of their US portfolio. Moreover, Karpus Management Inc. has 0.14% invested in the company for 204,709 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0.02% in the stock. Wells Fargo & Company Mn, a California-based fund reported 1.03 million shares.#img1#

EGF Company Profile

BlackRock Enhanced Government Fund, Inc. (the Fund), formerly known as Enhanced Government Fund, Inc., is a diversified closed-end management investment company. The Fund seeks to provide current income and gains by investing primarily in a portfolio of the United States Government securities and the United States Government Agency securities, including the United States Government mortgage-backed securities. The Fund writes (sells) call options on individual or baskets of the United States Government or Agency securities, or other debt securities held by the Fund in an attempt to generate gains from option premiums.

More notable recent BlackRock Enhanced Government Fund Inc (NYSE:EGF) news were published by: Reuters.com which released: “BRIEF-Blackrock Enhanced Government Fund announces upcoming repurchase off…” on October 14, 2016, also Businesswire.com with their article: “BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer” published on October 14, 2016, Reuters.com published: “BRIEF-KST Beteiligungs: administration proposes liquidation of company” on October 14, 2016. More interesting news about BlackRock Enhanced Government Fund Inc (NYSE:EGF) were released by: Businesswire.com and their article: “BlackRock Announces Portfolio Manager Changes to BlackRock Enhanced Capital …” published on February 24, 2015 as well as Pionline.com‘s news article titled: “Public DB plans adding risk to combat funding crisis as contributions rise …” with publication date: August 10, 2016.

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By Richard Conner


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