Valley National Advisers Inc. Invests $55,000 in BlackRock Enhanced Capital and Income Fd (NYSE:CII)

Valley National Advisers Inc. purchased a new position in BlackRock Enhanced Capital and Income Fd (NYSE:CII) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,500 shares of the real estate investment trust’s stock, valued at approximately $55,000.

A number of other hedge funds have also modified their holdings of CII. Karpus Management Inc. purchased a new stake in BlackRock Enhanced Capital and Income Fd in the 4th quarter worth $3,299,000. 1607 Capital Partners LLC increased its stake in BlackRock Enhanced Capital and Income Fd by 26.4% in the 4th quarter. 1607 Capital Partners LLC now owns 651,343 shares of the real estate investment trust’s stock worth $9,171,000 after buying an additional 135,885 shares in the last quarter. CWM LLC purchased a new stake in BlackRock Enhanced Capital and Income Fd in the 4th quarter worth $1,611,000. Shaker Financial Services LLC increased its stake in BlackRock Enhanced Capital and Income Fd by 69.6% in the 4th quarter. Shaker Financial Services LLC now owns 177,252 shares of the real estate investment trust’s stock worth $2,496,000 after buying an additional 72,754 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of BlackRock Enhanced Capital and Income Fd by 12.8% during the third quarter. Morgan Stanley now owns 607,754 shares of the real estate investment trust’s stock valued at $10,454,000 after purchasing an additional 68,741 shares in the last quarter.

Shares of BlackRock Enhanced Capital and Income Fd stock traded down $0.10 during trading on Wednesday, reaching $15.58. 91,532 shares of the stock traded hands, compared to its average volume of 102,424. BlackRock Enhanced Capital and Income Fd has a 52-week low of $13.13 and a 52-week high of $17.36.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.0828 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 6.38%.

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About BlackRock Enhanced Capital and Income Fd

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.

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Institutional Ownership by Quarter for BlackRock Enhanced Capital and Income Fd (NYSE:CII)

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