LMP Capital and Income Fund (NYSE:SCD) Stock Price Passes Above 50 Day Moving Average of $14.38

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.38 and traded as high as $14.91. LMP Capital and Income Fund shares last traded at $14.85, with a volume of 802 shares traded.

The business’s fifty day moving average price is $14.38 and its 200 day moving average price is $13.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date of this dividend is Thursday, December 19th.

Several large investors have recently added to or reduced their stakes in SCD. H D Vest Advisory Services bought a new position in shares of LMP Capital and Income Fund during the 2nd quarter worth about $212,000. Wells Fargo & Company MN lifted its holdings in shares of LMP Capital and Income Fund by 6.7% during the 2nd quarter. Wells Fargo & Company MN now owns 413,203 shares of the real estate investment trust’s stock worth $5,603,000 after acquiring an additional 26,114 shares during the period. LPL Financial LLC lifted its holdings in shares of LMP Capital and Income Fund by 37.9% during the 2nd quarter. LPL Financial LLC now owns 14,842 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 4,080 shares during the period. M&T Bank Corp lifted its holdings in shares of LMP Capital and Income Fund by 11.1% during the 2nd quarter. M&T Bank Corp now owns 15,000 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 1,500 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of LMP Capital and Income Fund by 26.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 231,468 shares of the real estate investment trust’s stock worth $3,139,000 after acquiring an additional 48,530 shares during the period.

LMP Capital and Income Fund Company Profile (NYSE:SCD)

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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