Sit Investment Associates Inc. Buys 244,924 Shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)

Sit Investment Associates Inc. raised its stake in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 833.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,316 shares of the real estate investment trust’s stock after buying an additional 244,924 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock Enhanced Capital and Income Fund were worth $5,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CII. Oppenheimer & Co. Inc. bought a new position in BlackRock Enhanced Capital and Income Fund in the fourth quarter valued at $215,000. HighTower Advisors LLC purchased a new position in shares of BlackRock Enhanced Capital and Income Fund in the 4th quarter worth about $236,000. Financial Engines Advisors L.L.C. bought a new position in shares of BlackRock Enhanced Capital and Income Fund during the 4th quarter valued at about $266,000. Financial Security Advisor Inc. raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 28.3% during the 4th quarter. Financial Security Advisor Inc. now owns 13,914 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 3,066 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in BlackRock Enhanced Capital and Income Fund by 28.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,314 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 3,397 shares during the last quarter.

BlackRock Enhanced Capital and Income Fund Trading Down 6.8 %

Shares of NYSE CII opened at $16.83 on Friday. BlackRock Enhanced Capital and Income Fund, Inc. has a one year low of $16.80 and a one year high of $21.14. The firm’s 50 day simple moving average is $19.76 and its two-hundred day simple moving average is $19.89.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend is Tuesday, April 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.