Shaker Financial Services LLC Lowers Position in BlackRock Enhanced Capital and Income Fund, Inc. $CII

Shaker Financial Services LLC cut its holdings in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 85.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,805 shares of the real estate investment trust’s stock after selling 131,866 shares during the quarter. Shaker Financial Services LLC’s holdings in BlackRock Enhanced Capital and Income Fund were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CII. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 during the period. DAVENPORT & Co LLC grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 6.3% during the 1st quarter. DAVENPORT & Co LLC now owns 20,330 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 1,200 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 3.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 332,097 shares of the real estate investment trust’s stock worth $6,134,000 after purchasing an additional 9,965 shares during the period. Financial Security Advisor Inc. grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 7.8% during the 1st quarter. Financial Security Advisor Inc. now owns 14,998 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 1,084 shares during the period. Finally, Tabor Asset Management LP purchased a new position in shares of BlackRock Enhanced Capital and Income Fund during the 1st quarter worth $379,000.

BlackRock Enhanced Capital and Income Fund Price Performance

CII opened at $24.32 on Tuesday. The stock’s 50-day moving average price is $23.04 and its 200 day moving average price is $21.42. BlackRock Enhanced Capital and Income Fund, Inc. has a 12-month low of $15.20 and a 12-month high of $24.41.

BlackRock Enhanced Capital and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.506 per share. This represents a c) annualized dividend and a yield of 25.0%. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from BlackRock Enhanced Capital and Income Fund’s previous monthly dividend of $0.14.

BlackRock Enhanced Capital and Income Fund 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.