BlackRock Enhanced Capital and Income Fund (NYSE:CII) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $23.08 and traded as low as $23.04. BlackRock Enhanced Capital and Income Fund shares last traded at $23.0970, with a volume of 116,910 shares traded.

BlackRock Enhanced Capital and Income Fund Stock Down 1.3%

The business has a 50 day moving average of $23.56 and a 200-day moving average of $23.08.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CII. Jane Street Group LLC acquired a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 1st quarter worth about $366,000. Truist Financial Corp boosted its position in BlackRock Enhanced Capital and Income Fund by 14.6% during the second quarter. Truist Financial Corp now owns 105,606 shares of the real estate investment trust’s stock worth $2,255,000 after acquiring an additional 13,424 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in BlackRock Enhanced Capital and Income Fund during the second quarter worth approximately $68,000. Financial Security Advisor Inc. grew its stake in BlackRock Enhanced Capital and Income Fund by 7.2% in the 2nd quarter. Financial Security Advisor Inc. now owns 16,084 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 1,086 shares during the period. Finally, Envestnet Asset Management Inc. raised 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 acquiring an additional 15,048 shares during the last quarter.

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.