LMP Capital and Income Fund (NYSE:SCD) Share Price Passes Below 200 Day Moving Average of $13.39

LMP Capital and Income Fund Inc. (NYSE:SCDGet Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.39 and traded as low as $11.68. LMP Capital and Income Fund shares last traded at $11.77, with a volume of 23,371 shares traded.

LMP Capital and Income Fund Stock Down 0.5 %

The business’s fifty day moving average is $13.15 and its 200 day moving average is $13.39.

LMP Capital and Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 23rd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Thursday, September 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCD. Clearstead Advisors LLC purchased a new position in LMP Capital and Income Fund during the fourth quarter valued at approximately $33,000. Guggenheim Capital LLC lifted its stake in LMP Capital and Income Fund by 53.7% in the fourth quarter. Guggenheim Capital LLC now owns 59,164 shares of the real estate investment trust’s stock valued at $900,000 after acquiring an additional 20,674 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in LMP Capital and Income Fund by 7.5% in the fourth quarter. Advisors Asset Management Inc. now owns 620,453 shares of the real estate investment trust’s stock valued at $9,431,000 after acquiring an additional 43,142 shares during the last quarter. Advisor Resource Council lifted its stake in LMP Capital and Income Fund by 14.6% in the first quarter. Advisor Resource Council now owns 86,600 shares of the real estate investment trust’s stock valued at $1,266,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in LMP Capital and Income Fund by 1,139.8% in the first quarter. Blue Bell Private Wealth Management LLC now owns 4,959 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 4,559 shares during the last quarter.

About LMP Capital and Income Fund

(Get Rating)

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.

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