BlackRock Enhanced Capital and Income Fund (NYSE:CII) Stock Crosses Below 200 Day Moving Average – Should You Sell?

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.94 and traded as low as $19.12. BlackRock Enhanced Capital and Income Fund shares last traded at $19.18, with a volume of 82,147 shares changing hands.

BlackRock Enhanced Capital and Income Fund Stock Performance

The business has a 50-day moving average of $20.14 and a 200 day moving average of $19.94.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 8.82%.

Institutional Trading of BlackRock Enhanced Capital and Income Fund

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in BlackRock Enhanced Capital and Income Fund in the 4th quarter worth approximately $18,471,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of BlackRock Enhanced Capital and Income Fund in the fourth quarter valued at $17,173,000. Cornerstone Advisors LLC increased its stake in BlackRock Enhanced Capital and Income Fund by 72.9% in the fourth quarter. Cornerstone Advisors LLC now owns 779,267 shares of the real estate investment trust’s stock valued at $15,663,000 after purchasing an additional 328,567 shares during the last quarter. Bank of America Corp DE lifted its position in BlackRock Enhanced Capital and Income Fund by 6.1% during the fourth quarter. Bank of America Corp DE now owns 473,963 shares of the real estate investment trust’s stock worth $9,527,000 after buying an additional 27,054 shares during the period. Finally, LPL Financial LLC grew its holdings in BlackRock Enhanced Capital and Income Fund by 2.4% in the 4th quarter. LPL Financial LLC now owns 425,892 shares of the real estate investment trust’s stock valued at $8,560,000 after buying an additional 9,944 shares during the period.

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.