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

LMP Capital and Income Fund Inc. (NYSE:SCD) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $15.33 and traded as low as $14.68. LMP Capital and Income Fund shares last traded at $14.7350, with a volume of 90,778 shares traded.

LMP Capital and Income Fund Price Performance

The company has a 50-day simple moving average of $15.34 and a two-hundred day simple moving average of $15.33.

LMP Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Wednesday, September 23rd.

Institutional Investors Weigh In On LMP Capital and Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in LMP Capital and Income Fund by 2.6% in the 1st quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 661 shares during the period. World Investment Advisors increased its stake in shares of LMP Capital and Income Fund by 8.4% during the first quarter. World Investment Advisors now owns 14,727 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 1,139 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of LMP Capital and Income Fund by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock valued at $996,000 after buying an additional 1,200 shares during the period. NWF Advisory Services Inc. raised its holdings in shares of LMP Capital and Income Fund by 6.6% during the first quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 1,600 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in LMP Capital and Income Fund by 3.8% in the second quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 1,732 shares during the period.

LMP Capital and Income Fund Company Profile

LMP Capital and Income Fund Inc (NYSE: SCD) is a closed-end investment company that seeks to provide investors with a high level of current income and the opportunity for capital appreciation. The fund invests in a diversified portfolio of income-producing securities and equity investments.

Its holdings may include dividend-paying common stocks, preferred stocks, convertible securities, corporate bonds and other fixed-income instruments, including securities below investment grade. The fund may invest across a range of industries and geographic markets, with portfolio allocations changing over time in response to market conditions and the investment adviser’s assessment of income and growth opportunities.

LMP Capital and Income Fund was established in 2003 and is listed on the New York Stock Exchange under the ticker symbol SCD.