BlackRock Enhanced Capital and Income Fund (NYSE:CII) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.18 and traded as low as $22.20. BlackRock Enhanced Capital and Income Fund shares last traded at $22.2650, with a volume of 80,386 shares changing hands.

BlackRock Enhanced Capital and Income Fund Trading Down 0.6%

The company has a fifty day simple moving average of $23.19 and a two-hundred day simple moving average of $23.18.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.141 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in BlackRock Enhanced Capital and Income Fund in the 1st quarter valued at $366,000. Envestnet Asset Management Inc. increased its stake in BlackRock Enhanced Capital and Income Fund by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 347,145 shares of the real estate investment trust’s stock valued at $7,412,000 after acquiring an additional 15,048 shares during the period. First National Trust Co acquired a new position in BlackRock Enhanced Capital and Income Fund in the second quarter worth about $393,000. Allworth Financial LP lifted its stake in BlackRock Enhanced Capital and Income Fund by 354.7% during the second quarter. Allworth Financial LP now owns 25,461 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 19,861 shares during the period. Finally, Westbourne Investment Advisors Inc. acquired a new stake in shares of BlackRock Enhanced Capital and Income Fund during the second quarter worth approximately $235,000.

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.