BlackRock Throgmorton Trust (LON:THRG) Shares Cross Above Fifty Day Moving Average of $585.73

BlackRock Throgmorton Trust plc (LON:THRG – Get Rating)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 585.73 ($7.18) and traded as high as GBX 635 ($7.78). BlackRock Throgmorton Trust shares last traded at GBX 631 ($7.73), with a volume of 136,067 shares trading hands.

BlackRock Throgmorton Trust Stock Performance

The company has a 50 day moving average of GBX 585.63 and a 200-day moving average of GBX 674.45. The stock has a market cap of £641.06 million and a price-to-earnings ratio of 264.98.

BlackRock Throgmorton Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 26th. Stockholders of record on Thursday, July 28th will be issued a GBX 2.60 ($0.03) dividend. The ex-dividend date is Thursday, July 28th. This represents a dividend yield of 0.44%. BlackRock Throgmorton Trust’s payout ratio is currently 4.43%.

Insider Buying and Selling

In other BlackRock Throgmorton Trust news, insider Louise Nash purchased 1,800 shares of BlackRock Throgmorton Trust stock in a transaction dated Friday, June 10th. The stock was acquired at an average cost of GBX 594 ($7.28) per share, with a total value of £10,692 ($13,101.34).

BlackRock Throgmorton Trust Company Profile

(Get Rating)

BlackRock Throgmorton Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.