BlackRock Throgmorton Trust (LON:THRG) Share Price Crosses Above 50 Day Moving Average of $585.73

BlackRock Throgmorton Trust plc (LON:THRG – Get Rating)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

BlackRock Throgmorton Trust Stock Down 0.5 %

The firm has a market cap of £641.06 million and a price-to-earnings ratio of 264.98. The business’s fifty day moving average is GBX 585.63 and its two-hundred day moving average is GBX 674.45.

BlackRock Throgmorton Trust Cuts Dividend

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

Insider Activity at BlackRock Throgmorton Trust

In other BlackRock Throgmorton Trust news, insider Louise Nash purchased 1,800 shares of the business’s stock in a transaction on Friday, June 10th. The shares were purchased 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

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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.