Wedbush Securities Inc. Buys 70,743 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Wedbush Securities Inc. lifted its stake in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CIIFree Report) by 327.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,324 shares of the real estate investment trust’s stock after acquiring an additional 70,743 shares during the quarter. Wedbush Securities Inc.’s holdings in BlackRock Enhanced Capital and Income Fund were worth $1,199,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CII. Ancora Advisors LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund in the 2nd quarter valued at approximately $137,000. Trust Co. of Vermont acquired a new stake in BlackRock Enhanced Capital and Income Fund in the 2nd quarter worth approximately $30,000. Next Level Private LLC lifted its holdings in BlackRock Enhanced Capital and Income Fund by 1.0% in the 2nd quarter. Next Level Private LLC now owns 46,181 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 440 shares during the last quarter. Axiom Investment Management LLC bought a new stake in BlackRock Enhanced Capital and Income Fund during the first quarter worth approximately $63,000. Finally, Bank of America Corp DE boosted its position in BlackRock Enhanced Capital and Income Fund by 7.9% during the first quarter. Bank of America Corp DE now owns 492,949 shares of the real estate investment trust’s stock worth $10,362,000 after purchasing an additional 36,011 shares during the period.

BlackRock Enhanced Capital and Income Fund Trading Down 1.2%

Shares of CII stock opened at $24.47 on Tuesday. BlackRock Enhanced Capital and Income Fund, Inc. has a 12 month low of $20.43 and a 12 month high of $26.17. The business’s 50 day moving average is $24.82 and its two-hundred day moving average is $23.84.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.141 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Enhanced Capital and Income Fund Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock Enhanced Capital and Income Fund (NYSE:CII)

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