GraniteShares Advisors LLC Makes New $2.73 Million Investment in BlackRock Enhanced Capital and Income Fund, Inc. $CII

GraniteShares Advisors LLC purchased a new stake in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 116,764 shares of the real estate investment trust’s stock, valued at approximately $2,729,000. BlackRock Enhanced Capital and Income Fund comprises 1.7% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also made changes to their positions in CII. Ameriprise Financial Inc. lifted its position in shares of BlackRock Enhanced Capital and Income Fund by 0.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 56,827 shares of the real estate investment trust’s stock worth $1,310,000 after purchasing an additional 480 shares during the last quarter. Next Level Private LLC grew its holdings in BlackRock Enhanced Capital and Income Fund by 1.8% in the 4th quarter. Next Level Private LLC now owns 41,910 shares of the real estate investment trust’s stock valued at $979,000 after buying an additional 760 shares during the last quarter. Creative Planning grew its holdings in BlackRock Enhanced Capital and Income Fund by 5.6% in the 2nd quarter. Creative Planning now owns 15,745 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 835 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in BlackRock Enhanced Capital and Income Fund by 2.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 65,077 shares of the real estate investment trust’s stock worth $1,521,000 after buying an additional 1,373 shares during the period. Finally, Private Advisor Group LLC increased its position in BlackRock Enhanced Capital and Income Fund by 2.6% in the 3rd quarter. Private Advisor Group LLC now owns 57,117 shares of the real estate investment trust’s stock worth $1,314,000 after buying an additional 1,472 shares during the period.

BlackRock Enhanced Capital and Income Fund Trading Down 0.0%

Shares of CII stock opened at $23.30 on Tuesday. BlackRock Enhanced Capital and Income Fund, Inc. has a 12 month low of $16.68 and a 12 month high of $26.17. The stock has a 50 day moving average of $22.16 and a 200-day moving average of $23.08.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.141 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Monday, June 15th.

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.