BlackRock Enhanced Capital and Income Fund (NYSE:CII) Shares Cross Above 50-Day Moving Average – Should You Sell?

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.84 and traded as high as $24.58. BlackRock Enhanced Capital and Income Fund shares last traded at $24.1850, with a volume of 62,057 shares traded.

BlackRock Enhanced Capital and Income Fund Price Performance

The stock’s 50 day moving average price is $23.84 and its 200-day moving average price is $23.32.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Trading of BlackRock Enhanced Capital and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. grew its stake in BlackRock Enhanced Capital and Income Fund by 3.6% during the third quarter. Raymond James Financial Inc. now owns 1,043,112 shares of the real estate investment trust’s stock valued at $23,992,000 after acquiring an additional 35,991 shares in the last quarter. Invesco Ltd. grew its stake in BlackRock Enhanced Capital and Income Fund by 1.3% during the third quarter. Invesco Ltd. now owns 569,743 shares of the real estate investment trust’s stock valued at $13,104,000 after acquiring an additional 7,064 shares in the last quarter. LPL Financial LLC grew its stake in BlackRock Enhanced Capital and Income Fund by 0.9% during the fourth quarter. LPL Financial LLC now owns 499,288 shares of the real estate investment trust’s stock valued at $11,668,000 after acquiring an additional 4,691 shares in the last quarter. Bank of America Corp DE grew its stake in BlackRock Enhanced Capital and Income Fund by 7.9% during the first quarter. Bank of America Corp DE now owns 492,949 shares of the real estate investment trust’s stock valued at $10,362,000 after acquiring an additional 36,011 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in BlackRock Enhanced Capital and Income Fund by 2.0% during the fourth quarter. Osaic Holdings Inc. now owns 483,919 shares of the real estate investment trust’s stock valued at $11,310,000 after acquiring an additional 9,278 shares in the last quarter.

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.