BlackRock Enhanced Capital and Income Fund (NYSE:CII) Share Price Passes Above 50 Day Moving Average – Time to Sell?

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.71 and traded as high as $23.18. BlackRock Enhanced Capital and Income Fund shares last traded at $23.01, with a volume of 105,567 shares.

BlackRock Enhanced Capital and Income Fund Stock Up 0.1%

The firm has a fifty day moving average price of $22.71 and a 200-day moving average price of $20.96.

BlackRock Enhanced Capital and Income Fund Increases Dividend

The firm also recently announced 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 boost from BlackRock Enhanced Capital and Income Fund’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 26.4%. The ex-dividend date of this dividend is Monday, December 22nd.

Hedge Funds Weigh In On BlackRock Enhanced Capital and Income Fund

Several institutional investors have recently modified their holdings of CII. Mather Group LLC. bought a new position in shares of BlackRock Enhanced Capital and Income Fund in the first quarter valued at approximately $45,000. Ameritas Advisory Services LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund in the second quarter valued at approximately $68,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 15.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,670 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 756 shares in the last quarter. Elequin Capital LP bought a new position in shares of BlackRock Enhanced Capital and Income Fund in the first quarter valued at approximately $137,000. Finally, 17 Capital Partners LLC purchased a new position in BlackRock Enhanced Capital and Income Fund in the second quarter valued at approximately $221,000.

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.