Truist Financial Corp Acquires 13,424 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Truist Financial Corp raised its holdings in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 105,606 shares of the real estate investment trust’s stock after acquiring an additional 13,424 shares during the period. Truist Financial Corp’s holdings in BlackRock Enhanced Capital and Income Fund were worth $2,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. raised its position in shares of BlackRock Enhanced Capital and Income Fund by 3.3% during the 1st quarter. Raymond James Financial Inc. now owns 949,143 shares of the real estate investment trust’s stock valued at $17,531,000 after acquiring an additional 30,174 shares during the last quarter. LPL Financial LLC grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 3.5% in the 1st quarter. LPL Financial LLC now owns 440,725 shares of the real estate investment trust’s stock valued at $8,140,000 after buying an additional 14,833 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 3.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 332,097 shares of the real estate investment trust’s stock valued at $6,134,000 after buying an additional 9,965 shares during the period. NFP Retirement Inc. grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 4.3% in the 1st quarter. NFP Retirement Inc. now owns 193,351 shares of the real estate investment trust’s stock valued at $3,571,000 after buying an additional 7,958 shares during the period. Finally, Shaker Financial Services LLC grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 95.9% in the 1st quarter. Shaker Financial Services LLC now owns 153,671 shares of the real estate investment trust’s stock valued at $2,838,000 after buying an additional 75,218 shares during the period.

BlackRock Enhanced Capital and Income Fund Price Performance

Shares of CII stock opened at $23.58 on Friday. BlackRock Enhanced Capital and Income Fund, Inc. has a 12-month low of $15.20 and a 12-month high of $24.24. The firm has a fifty day moving average of $22.55 and a 200-day moving average of $20.72.

BlackRock Enhanced Capital and Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.506 dividend. This is a positive change from BlackRock Enhanced Capital and Income Fund’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 25.8%.

BlackRock Enhanced Capital and Income Fund Company Profile

BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.