Truist Financial Corp Has $2.20 Million Stake in BlackRock Enhanced Capital and Income Fund, Inc. $CII

Truist Financial Corp decreased its stake in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 18.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 94,001 shares of the real estate investment trust’s stock after selling 21,457 shares during the period. Truist Financial Corp’s holdings in BlackRock Enhanced Capital and Income Fund were worth $2,197,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new position in BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at $41,000. US Bancorp DE grew its stake in BlackRock Enhanced Capital and Income Fund by 662.8% in the 3rd quarter. US Bancorp DE now owns 2,647 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,300 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in BlackRock Enhanced Capital and Income Fund in the 3rd quarter valued at $66,000. American National Bank & Trust acquired a new position in BlackRock Enhanced Capital and Income Fund in the 4th quarter valued at $157,000. Finally, NewEdge Advisors LLC grew its stake in BlackRock Enhanced Capital and Income Fund by 1,712.7% in the 3rd quarter. NewEdge Advisors LLC now owns 9,843 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 9,300 shares during the last quarter.

BlackRock Enhanced Capital and Income Fund Stock Up 0.1%

CII opened at $24.99 on Thursday. The stock’s 50 day moving average price is $22.66 and its two-hundred day moving average price is $23.18. BlackRock Enhanced Capital and Income Fund, Inc. has a 12-month low of $19.44 and a 12-month high of $26.17.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

BlackRock Enhanced Capital and Income Fund Profile

BlackRock Enhanced Capital and Income Fund (NYSE: CII) is a diversified, closed-end management investment company organized in 1993 that seeks to provide shareholders with high current income and capital appreciation. The fund pursues its objectives by investing primarily in a portfolio of U.S. dollar-denominated senior secured floating-rate loans (commonly referred to as bank loans), high-yield corporate debt, collateralized loan obligations (CLOs) and other credit instruments. In order to enhance returns, the fund may employ leverage through borrowings and derivative exposures.

The fund’s portfolio construction emphasizes credit quality, yield generation and risk management.