BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $23.80 and traded as high as $23.86. BlackRock Enhanced Capital and Income Fund shares last traded at $23.8240, with a volume of 61,703 shares.
BlackRock Enhanced Capital and Income Fund Price Performance
The stock has a 50 day moving average of $24.06 and a 200 day moving average of $23.80.
BlackRock Enhanced Capital and Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.1410 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.69 annualized dividend and a yield of 7.1%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Wedbush Securities Inc. lifted its holdings in BlackRock Enhanced Capital and Income Fund by 327.8% in the 2nd quarter. Wedbush Securities Inc. now owns 92,324 shares of the real estate investment trust’s stock worth $1,199,000 after buying an additional 70,743 shares during the period. Royal Bank of Canada grew its position in shares of BlackRock Enhanced Capital and Income Fund by 10.2% in the 1st quarter. Royal Bank of Canada now owns 257,250 shares of the real estate investment trust’s stock worth $5,408,000 after buying an additional 23,862 shares during the last quarter. Shaker Financial Services LLC purchased a new position in shares of BlackRock Enhanced Capital and Income Fund during the third quarter valued at approximately $3,407,000. Bank of America Corp DE increased its stake in shares of BlackRock Enhanced Capital and Income Fund by 7.9% during the first quarter. Bank of America Corp DE now owns 492,949 shares of the real estate investment trust’s stock valued at $10,362,000 after buying an additional 36,011 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of BlackRock Enhanced Capital and Income Fund during the first quarter valued at approximately $68,000.
BlackRock Enhanced Capital and Income Fund Company Profile
BlackRock Enhanced Capital and Income Fund, Inc (NYSE: CII) is a diversified closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income and long-term capital appreciation through an actively managed portfolio of equity and income-producing securities.
The fund invests primarily in common stocks of companies across multiple industries and geographic regions. To support its income objective, it may also invest in debt and other income-generating securities and use options strategies, including writing covered call options on portfolio holdings.
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