Wedbush Securities Inc. Sells 74,061 Shares of BlackRock Enhanced Capital and Income Fund, Inc. $CII

Wedbush Securities Inc. lessened its holdings in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 80.2% during the 3rd quarter, Holdings Channel reports. The firm owned 18,263 shares of the real estate investment trust’s stock after selling 74,061 shares during the quarter. Wedbush Securities Inc.’s holdings in BlackRock Enhanced Capital and Income Fund were worth $438,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Next Level Private LLC lifted its stake in BlackRock Enhanced Capital and Income Fund by 1.0% in the 2nd quarter. Next Level Private LLC now owns 46,181 shares of the real estate investment trust’s stock valued at $1,208,000 after buying an additional 440 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in BlackRock Enhanced Capital and Income Fund by 4.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 14,793 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 603 shares during the last quarter. LVZ Inc. increased its position in BlackRock Enhanced Capital and Income Fund by 5.0% during the first quarter. LVZ Inc. now owns 14,050 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 666 shares in the last quarter. PMG Family Office LLC increased its position in BlackRock Enhanced Capital and Income Fund by 1.4% during the third quarter. PMG Family Office LLC now owns 53,532 shares of the real estate investment trust’s stock worth $1,285,000 after buying an additional 737 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in 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 in the last quarter.

BlackRock Enhanced Capital and Income Fund Trading Up 1.1%

BlackRock Enhanced Capital and Income Fund stock opened at $23.52 on Wednesday. The stock has a 50-day moving average price of $24.09 and a 200 day moving average price of $23.80. BlackRock Enhanced Capital and Income Fund, Inc. has a 52 week low of $20.43 and a 52 week high of $26.17.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.1410 per share. This represents a $1.69 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Enhanced Capital and Income Fund

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.