LMP Capital and Income Fund (NYSE:SCD) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

LMP Capital and Income Fund Inc. (NYSE:SCD)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.22 and traded as high as $17.39. LMP Capital and Income Fund shares last traded at $17.20, with a volume of 34,724 shares.

LMP Capital and Income Fund Price Performance

The company’s fifty day moving average price is $17.22 and its 200 day moving average price is $16.59.

LMP Capital and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.113 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.36 dividend on an annualized basis and a yield of 7.88%.

Institutional Trading of LMP Capital and Income Fund

Several hedge funds have recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in LMP Capital and Income Fund during the 3rd quarter worth $38,000. GHP Investment Advisors Inc. acquired a new position in shares of LMP Capital and Income Fund during the third quarter valued at $39,000. Private Advisor Group LLC grew its position in shares of LMP Capital and Income Fund by 8.5% during the third quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 1,272 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of LMP Capital and Income Fund by 10.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 26,253 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 2,517 shares during the period. Finally, Shaker Financial Services LLC bought a new stake in LMP Capital and Income Fund in the 2nd quarter valued at about $1,440,000.

LMP Capital and Income Fund Company Profile

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.