LMP Capital and Income Fund (NYSE:SCD) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $15.05 and traded as high as $15.40. LMP Capital and Income Fund shares last traded at $15.2630, with a volume of 79,759 shares traded.

LMP Capital and Income Fund Price Performance

The firm’s 50 day simple moving average is $15.05 and its two-hundred day simple moving average is $15.35.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 26th. Stockholders of record on Wednesday, February 17th will be issued a $0.1325 dividend. The ex-dividend date is Wednesday, February 17th. This represents a $1.59 annualized dividend and a dividend yield of 10.4%.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First National Trust Co purchased a new position in LMP Capital and Income Fund in the 2nd quarter worth approximately $181,000. Fifth Third Bancorp purchased a new stake in shares of LMP Capital and Income Fund during the first quarter valued at approximately $276,000. Private Advisor Group LLC boosted its stake in shares of LMP Capital and Income Fund by 9.2% during the third quarter. Private Advisor Group LLC now owns 22,856 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 1,919 shares during the period. Bank of America Corp DE purchased a new stake in shares of LMP Capital and Income Fund during the second quarter valued at approximately $398,000. Finally, NWF Advisory Services Inc. grew its holdings in shares of LMP Capital and Income Fund by 6.6% in the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 1,600 shares during the last quarter.

About LMP Capital and Income Fund

LMP Capital and Income Fund Inc. (NYSE: SCD) is a diversified closed-end management investment company that seeks to provide investors with a high level of current income, along with the opportunity for capital appreciation. The fund invests primarily in a combination of equity and fixed-income securities. Its portfolio may include common stocks, preferred stocks, convertible securities, corporate debt, government securities and other income-producing investments. The fund can invest across industries and geographic markets, giving it flexibility to pursue income and growth opportunities in both domestic and international markets.