Stocks

Atomi Financial Group Inc. Acquires Additional Shares of BlackRock Enhanced Capital and Income Fund, Inc.

Published October 13, 2024

Atomi Financial Group Inc. has recently reported an increase in its holdings of BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) by 5.6% during the third quarter. According to their latest disclosure to the Securities and Exchange Commission (SEC), the firm now owns a total of 13,523 shares of this real estate investment trust after adding 719 shares during the quarter. As of this latest SEC filing, Atomi Financial Group Inc.'s investment in BlackRock Enhanced Capital and Income Fund is valued at approximately $266,000.

In addition to Atomi Financial Group Inc., several other institutional investors and hedge funds have also adjusted their stakes in BlackRock Enhanced Capital and Income Fund. For instance, Private Advisor Group LLC increased its holdings by 3.0% in the second quarter, owning 46,395 shares now valued at $927,000 after acquiring an additional 1,363 shares. Similarly, Cambridge Investment Research Advisors Inc., which boosted its position by 2.4% during the same period, now possesses 72,916 shares worth $1,458,000 after adding 1,699 shares.

B. Riley Wealth Advisors Inc. also increased its stake, growing by 5.1% in the fourth quarter and now holding 47,328 shares valued at $899,000 after a purchase of 2,302 shares. Moreover, Mather Group LLC took on a new position in the fund during the second quarter with an investment valued at $47,000. Great Valley Advisor Group Inc. also expanded its investment by 15.6% during the second quarter, now owning 18,485 shares valued at $370,000 following a purchase of 2,500 shares.

Stock Performance of BlackRock Enhanced Capital and Income Fund

The opening price for BlackRock Enhanced Capital and Income Fund, as of the latest trading day, was $19.86. The stock has a 50-day moving average of $19.30 and a 200-day moving average of $19.34. Over the past year, the stock has seen fluctuations, reaching a low of $16.76 and a high of $20.40.

Dividend Announcement from BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund recently declared a monthly dividend that will be payable on Thursday, October 31st. Shareholders on record by Tuesday, October 15th, will receive a dividend of $0.0995 per share, with the ex-dividend date also set for October 15th. This dividend translates to an annualized amount of $1.19, yielding approximately 6.01%.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund, Inc. operates as a closed-ended equity mutual fund launched by BlackRock, Inc. Managed by BlackRock Advisors, LLC, the fund aims to invest in public equity markets globally. It seeks opportunities in securities from a variety of sectors, reflecting a diversified investment approach.

Investment, Stocks, Dividend