BlackRock Enhanced Capital and Income Fund (NYSE:CII) Stock Passes Below 200 Day Moving Average – Here’s What Happened

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Price Performance

The firm’s 50-day simple moving average is $20.11 and its 200-day simple moving average is $19.93.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.141 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.69 annualized dividend and a yield of 8.97%.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund during the 4th quarter worth $29,000. Captrust Financial Advisors purchased a new position in BlackRock Enhanced Capital and Income Fund during the 4th quarter valued at about $201,000. Oppenheimer & Co. Inc. bought a new stake in shares of BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at about $215,000. AGP Franklin LLC purchased a new stake in shares of BlackRock Enhanced Capital and Income Fund in the 4th quarter worth approximately $235,000. Finally, HighTower Advisors LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund during the fourth quarter valued at approximately $236,000.

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.