Raymond James & Associates Trims Stake in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)

Raymond James & Associates cut its stake in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 359,254 shares of the real estate investment trust’s stock after selling 15,317 shares during the period. Raymond James & Associates’ holdings in BlackRock Enhanced Capital and Income Fund were worth $7,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in BlackRock Enhanced Capital and Income Fund by 15.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 270,393 shares of the real estate investment trust’s stock valued at $5,405,000 after acquiring an additional 35,449 shares during the last quarter. Cornerstone Advisors LLC purchased a new stake in BlackRock Enhanced Capital and Income Fund during the 2nd quarter valued at approximately $4,090,000. Wolverine Asset Management LLC increased its position in BlackRock Enhanced Capital and Income Fund by 72.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 126,193 shares of the real estate investment trust’s stock worth $2,523,000 after purchasing an additional 53,155 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in BlackRock Enhanced Capital and Income Fund by 2.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,916 shares of the real estate investment trust’s stock worth $1,458,000 after purchasing an additional 1,699 shares during the period. Finally, Cetera Investment Advisers increased its position in BlackRock Enhanced Capital and Income Fund by 12.1% during the 2nd quarter. Cetera Investment Advisers now owns 68,662 shares of the real estate investment trust’s stock worth $1,373,000 after purchasing an additional 7,420 shares during the period.

BlackRock Enhanced Capital and Income Fund Trading Down 0.5 %

NYSE CII opened at $19.50 on Thursday. The business’s 50 day moving average is $19.51 and its two-hundred day moving average is $19.38. BlackRock Enhanced Capital and Income Fund, Inc. has a 12-month low of $17.12 and a 12-month high of $20.40.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0995 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Tuesday, October 15th.

About BlackRock Enhanced Capital and Income Fund

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.