Advisors Asset Management Inc. Buys 149,330 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Advisors Asset Management Inc. raised its position in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 82.0% in the third quarter, HoldingsChannel reports. The fund owned 331,393 shares of the real estate investment trust’s stock after acquiring an additional 149,330 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Enhanced Capital and Income Fund were worth $7,622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in BlackRock Enhanced Capital and Income Fund by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 347,145 shares of the real estate investment trust’s stock valued at $7,412,000 after purchasing an additional 15,048 shares during the period. Allworth Financial LP lifted its position in shares of BlackRock Enhanced Capital and Income Fund by 354.7% during the 2nd quarter. Allworth Financial LP now owns 25,461 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 19,861 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Enhanced Capital and Income Fund in the 2nd quarter valued at approximately $608,000. Osaic Holdings Inc. grew its stake in shares of BlackRock Enhanced Capital and Income Fund by 9.6% during the second quarter. Osaic Holdings Inc. now owns 428,263 shares of the real estate investment trust’s stock worth $9,144,000 after buying an additional 37,645 shares during the last quarter. Finally, 17 Capital Partners LLC bought a new stake in BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth $221,000.

BlackRock Enhanced Capital and Income Fund Stock Down 0.2%

BlackRock Enhanced Capital and Income Fund stock opened at $23.08 on Thursday. BlackRock Enhanced Capital and Income Fund, Inc. has a 1 year low of $15.20 and a 1 year high of $26.17. The business has a 50 day moving average of $23.28 and a 200-day moving average of $23.14.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.141 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, March 13th.

BlackRock Enhanced Capital and Income Fund Company Profile

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.