BlackRock Enhanced Capital and Income Fund (NYSE:CII) Stock Crosses Below Fifty Day Moving Average – Here’s Why

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.64 and traded as low as $22.97. BlackRock Enhanced Capital and Income Fund shares last traded at $23.01, with a volume of 212,308 shares traded.

BlackRock Enhanced Capital and Income Fund Stock Performance

The business has a 50-day moving average price of $23.64 and a two-hundred day moving average price of $23.00.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.141 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Trading of BlackRock Enhanced Capital and Income Fund

A number of large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its holdings in BlackRock Enhanced Capital and Income Fund by 410.7% in the second quarter. Guggenheim Capital LLC now owns 190,060 shares of the real estate investment trust’s stock valued at $4,058,000 after acquiring an additional 152,841 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Enhanced Capital and Income Fund by 82.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 331,393 shares of the real estate investment trust’s stock worth $7,622,000 after purchasing an additional 149,330 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of BlackRock Enhanced Capital and Income Fund during the second quarter worth $1,267,000. Raymond James Financial Inc. increased its holdings in BlackRock Enhanced Capital and Income Fund by 6.1% in the second quarter. Raymond James Financial Inc. now owns 1,007,121 shares of the real estate investment trust’s stock valued at $21,502,000 after buying an additional 57,978 shares during the last quarter. Finally, PMG Family Office LLC acquired a new stake in BlackRock Enhanced Capital and Income Fund in the third quarter valued at $1,106,000.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.