LMP Capital and Income Fund (NYSE:SCD) Shares Pass 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 $15.22 and traded as high as $15.58. LMP Capital and Income Fund shares last traded at $15.3750, with a volume of 48,348 shares changing hands.

LMP Capital and Income Fund Price Performance

The stock has a 50-day moving average price of $15.24 and a 200 day moving average price of $15.23.

LMP Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

Institutional Trading of LMP Capital and Income Fund

A number of institutional investors have recently made changes to their positions in SCD. Cornerstone Advisors LLC boosted its stake in shares of LMP Capital and Income Fund by 660.1% in the third quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock worth $4,648,000 after acquiring an additional 259,910 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of LMP Capital and Income Fund by 648.2% in the fourth quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock worth $2,832,000 after acquiring an additional 165,675 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of LMP Capital and Income Fund in the third quarter worth approximately $1,421,000. Wells Fargo & Company MN boosted its stake in shares of LMP Capital and Income Fund by 35.3% in the fourth quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock worth $3,922,000 after acquiring an additional 69,084 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of LMP Capital and Income Fund by 48.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock worth $3,075,000 after acquiring an additional 66,224 shares during the last quarter.

LMP Capital and Income Fund Company Profile

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.