Cornerstone Advisors LLC Purchases 246,093 Shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII)

Cornerstone Advisors LLC grew its holdings in shares of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 120.3% in the third quarter, HoldingsChannel.com reports. The fund owned 450,700 shares of the real estate investment trust’s stock after acquiring an additional 246,093 shares during the quarter. Cornerstone Advisors LLC’s holdings in BlackRock Enhanced Capital and Income Fund were worth $8,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CII. Janney Montgomery Scott LLC increased its stake in BlackRock Enhanced Capital and Income Fund by 89.3% in the third quarter. Janney Montgomery Scott LLC now owns 46,342 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 21,861 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in BlackRock Enhanced Capital and Income Fund by 8.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,759 shares of the real estate investment trust’s stock valued at $975,000 after buying an additional 3,733 shares in the last quarter. TPG Advisors LLC bought a new position in BlackRock Enhanced Capital and Income Fund in the second quarter worth approximately $211,000. Calamos Advisors LLC acquired a new stake in BlackRock Enhanced Capital and Income Fund in the second quarter valued at approximately $237,000. Finally, Cetera Investment Advisers increased its holdings in shares of BlackRock Enhanced Capital and Income Fund by 12.1% during the second quarter. Cetera Investment Advisers now owns 68,662 shares of the real estate investment trust’s stock valued at $1,373,000 after acquiring an additional 7,420 shares in the last quarter.

BlackRock Enhanced Capital and Income Fund Trading Down 0.3 %

Shares of BlackRock Enhanced Capital and Income Fund stock opened at $19.60 on Thursday. The stock has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $19.49. BlackRock Enhanced Capital and Income Fund, Inc. has a 12-month low of $17.57 and a 12-month high of $20.40.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0995 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.19 dividend on an annualized basis and a yield of 6.09%.

BlackRock Enhanced Capital and Income Fund 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.