Shaker Financial Services LLC Acquires 141,946 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Shaker Financial Services LLC acquired a new position in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) during the third quarter, Holdings Channel.com reports. The firm acquired 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.

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

BlackRock Enhanced Capital and Income Fund Stock Down 0.5%

CII stock traded down $0.12 during midday trading on Wednesday, hitting $24.00. 33,551 shares of the stock traded hands, 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 fifty day simple moving average is $24.34 and its 200-day simple moving average is $24.29.

BlackRock Enhanced Capital and Income Fund Announces Dividend

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

BlackRock Enhanced Capital and Income Fund Company 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.