LMP Capital and Income Fund (NYSE:SCD) Share Price Passes Below 200 Day Moving Average – Here’s Why

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.34 and traded as low as $14.58. LMP Capital and Income Fund shares last traded at $14.64, with a volume of 127,277 shares traded.

LMP Capital and Income Fund Stock Performance

The business’s 50 day moving average price is $14.89 and its two-hundred day moving average price is $15.33.

LMP Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of LMP Capital and Income Fund by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 12,967 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 728 shares during the last quarter. Truist Financial Corp bought a new position in shares of LMP Capital and Income Fund in the third quarter worth about $224,000. Mercer Global Advisors Inc. ADV bought a new position in shares of LMP Capital and Income Fund in the third quarter worth about $251,000. Shaker Financial Services LLC purchased a new stake in shares of LMP Capital and Income Fund during the third quarter worth about $297,000. Finally, Invesco Ltd. raised its stake in LMP Capital and Income Fund by 87.0% during the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 11,653 shares during the period.

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.