Royal Bank of Canada Purchases 23,862 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Royal Bank of Canada increased its holdings in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 257,250 shares of the real estate investment trust’s stock after buying an additional 23,862 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock Enhanced Capital and Income Fund were worth $5,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GraniteShares Advisors LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund in the fourth quarter worth approximately $2,729,000. Raymond James Financial Inc. boosted its holdings in BlackRock Enhanced Capital and Income Fund by 3.6% in the third quarter. Raymond James Financial Inc. now owns 1,043,112 shares of the real estate investment trust’s stock worth $23,992,000 after purchasing an additional 35,991 shares during the last quarter. Invesco Ltd. boosted its holdings in BlackRock Enhanced Capital and Income Fund by 1.3% in the third quarter. Invesco Ltd. now owns 569,743 shares of the real estate investment trust’s stock worth $13,104,000 after purchasing an additional 7,064 shares during the last quarter. UBS Group AG grew its position in BlackRock Enhanced Capital and Income Fund by 1.3% in the 3rd quarter. UBS Group AG now owns 419,288 shares of the real estate investment trust’s stock worth $9,644,000 after purchasing an additional 5,532 shares during the period. Finally, Private Advisor Group LLC grew its position in BlackRock Enhanced Capital and Income Fund by 2.6% in the 3rd quarter. Private Advisor Group LLC now owns 57,117 shares of the real estate investment trust’s stock worth $1,314,000 after purchasing an additional 1,472 shares during the period.

BlackRock Enhanced Capital and Income Fund Trading Down 0.2%

Shares of CII opened at $24.70 on Thursday. The firm has a fifty day simple moving average of $24.83 and a two-hundred day simple moving average of $23.71. BlackRock Enhanced Capital and Income Fund, Inc. has a 1-year low of $20.43 and a 1-year high of $26.17.

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 given a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Enhanced Capital and Income Fund

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.