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

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)’s share price crossed 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.

BlackRock Enhanced Capital and Income Fund Stock Down 0.6 %

The stock has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $19.93.

BlackRock Enhanced Capital and Income Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund during the fourth quarter worth $29,000. Captrust Financial Advisors purchased a new stake in shares of BlackRock Enhanced Capital and Income Fund in the fourth quarter worth about $201,000. Oppenheimer & Co. Inc. bought a new position in BlackRock Enhanced Capital and Income Fund during the fourth quarter valued at approximately $215,000. AGP Franklin LLC purchased a new position in BlackRock Enhanced Capital and Income Fund during the 4th quarter valued at approximately $235,000. Finally, HighTower Advisors LLC bought a new stake in BlackRock Enhanced Capital and Income Fund in the 4th quarter worth approximately $236,000.

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.