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)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

BlackRock Enhanced Capital and Income Fund Trading Up 0.1%

The business has a 50-day moving average price of $22.71 and a two-hundred day moving average price of $20.96.

BlackRock Enhanced Capital and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.506 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 26.4%. This is an increase from BlackRock Enhanced Capital and Income Fund’s previous monthly dividend of $0.14.

Institutional Trading of BlackRock Enhanced Capital and Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in BlackRock Enhanced Capital and Income Fund during the 1st quarter worth approximately $45,000. Ameritas Advisory Services LLC bought a new stake in BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth approximately $68,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in BlackRock Enhanced Capital and Income Fund by 15.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,670 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 756 shares in the last quarter. Elequin Capital LP bought a new stake in BlackRock Enhanced Capital and Income Fund during the 1st quarter worth approximately $137,000. Finally, 17 Capital Partners LLC bought a new stake in BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth 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.