Shaker Financial Services LLC Makes New $3.41 Million Investment in BlackRock Enhanced Capital and Income Fund, Inc. $CII

Shaker Financial Services LLC purchased a new stake in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 141,946 shares of the real estate investment trust’s stock, valued at approximately $3,407,000. BlackRock Enhanced Capital and Income Fund comprises 1.1% of Shaker Financial Services LLC’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Next Level Private LLC increased its holdings in shares of BlackRock Enhanced Capital and Income Fund by 1.0% during the second quarter. Next Level Private LLC now owns 46,181 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 440 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 4.2% in the first quarter. Geneos Wealth Management Inc. now owns 14,793 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 603 shares during the last quarter. LVZ Inc. raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 5.0% in the first quarter. LVZ Inc. now owns 14,050 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 666 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 7.4% in the first quarter. Sanctuary Advisors LLC now owns 11,827 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 813 shares during the last quarter. Finally, Harbour Wealth Management Group Inc. lifted its stake in shares of BlackRock Enhanced Capital and Income Fund by 8.0% during the first quarter. Harbour Wealth Management Group Inc. now owns 11,082 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 823 shares during the period.

BlackRock Enhanced Capital and Income Fund Trading Down 0.5%

Shares of NYSE:CII traded down $0.12 on Wednesday, hitting $24.00. 33,551 shares of the company were exchanged, compared to its average volume of 83,423. BlackRock Enhanced Capital and Income Fund, Inc. has a 1-year low of $20.43 and a 1-year high of $26.17. The stock’s 50 day moving average price is $24.34 and its 200 day moving average price is $24.29.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.1410 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.69 dividend on an annualized basis and a yield of 7.0%.

BlackRock Enhanced Capital and Income Fund Profile

BlackRock Enhanced Capital and Income Fund, Inc (NYSE: CII) is a diversified closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide investors with current income and long-term capital appreciation through an actively managed portfolio of equity and income-producing securities.

The fund invests primarily in common stocks of companies across multiple industries and geographic regions. To support its income objective, it may also invest in debt and other income-generating securities and use options strategies, including writing covered call options on portfolio holdings.