LMP Capital and Income Fund (NYSE:SCD) Stock Breaks Below 200 Day Moving Average – What’s Next?

LMP Capital and Income Fund Inc. (NYSE:SCD)’s share price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $15.37 and traded as low as $15.17. LMP Capital and Income Fund shares last traded at $15.1960, with a volume of 103,975 shares changing hands.

LMP Capital and Income Fund Trading Down 0.2%

The business’s fifty day moving average price is $15.50 and its 200-day moving average price is $15.37.

LMP Capital and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 9.7%.

Institutional Trading of LMP Capital and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of SCD. Blue Bell Private Wealth Management LLC purchased a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at approximately $116,000. First National Trust Co purchased a new stake in LMP Capital and Income Fund in the 2nd quarter valued at $181,000. Harbour Wealth Management Group Inc. bought a new position in LMP Capital and Income Fund during the 4th quarter valued at $195,000. World Investment Advisors bought a new position in LMP Capital and Income Fund during the 4th quarter valued at $201,000. Finally, Fifth Third Bancorp bought a new position in LMP Capital and Income Fund during the 1st quarter valued at $276,000.

About LMP Capital and Income Fund

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.