Westbourne Investment Advisors Inc. Buys Shares of 11,000 BlackRock Enhanced Capital and Income Fund, Inc. $CII

Westbourne Investment Advisors Inc. purchased a new position in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) in the second quarter, HoldingsChannel reports. The institutional investor purchased 11,000 shares of the real estate investment trust’s stock, valued at approximately $235,000.

Other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth $68,000. Elequin Capital LP bought a new position in BlackRock Enhanced Capital and Income Fund in the first quarter valued at $137,000. Vanguard Capital Wealth Advisors purchased a new stake in BlackRock Enhanced Capital and Income Fund during the second quarter valued at about $256,000. Compound Planning Inc. lifted its stake in BlackRock Enhanced Capital and Income Fund by 11.2% during the first quarter. Compound Planning Inc. now owns 13,903 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 1,405 shares during the last quarter. Finally, Financial Security Advisor Inc. lifted its stake in BlackRock Enhanced Capital and Income Fund by 7.2% during the second quarter. Financial Security Advisor Inc. now owns 16,084 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 1,086 shares during the last quarter.

BlackRock Enhanced Capital and Income Fund Trading Up 2.0%

Shares of BlackRock Enhanced Capital and Income Fund stock opened at $24.26 on Tuesday. The business’s 50-day moving average price is $23.22 and its 200-day moving average price is $21.66. BlackRock Enhanced Capital and Income Fund, Inc. has a 12 month low of $15.20 and a 12 month high of $24.41.

BlackRock Enhanced Capital and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.506 dividend. This is an increase from BlackRock Enhanced Capital and Income Fund’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 25.0%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Enhanced Capital and Income Fund Company Profile

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.