Wealth Enhancement Advisory Services LLC Boosts Stake in LMP Capital and Income Fund Inc. $SCD

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 48.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,691 shares of the real estate investment trust’s stock after acquiring an additional 66,224 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in LMP Capital and Income Fund were worth $3,075,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors LLC boosted its stake in LMP Capital and Income Fund by 660.1% during the third quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock worth $4,648,000 after buying an additional 259,910 shares during the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of LMP Capital and Income Fund during the 3rd quarter valued at about $2,692,000. Landscape Capital Management L.L.C. acquired a new position in shares of LMP Capital and Income Fund during the 3rd quarter valued at about $1,421,000. Quarry LP grew its holdings in shares of LMP Capital and Income Fund by 117.5% in the third quarter. Quarry LP now owns 64,727 shares of the real estate investment trust’s stock valued at $1,005,000 after purchasing an additional 34,961 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in LMP Capital and Income Fund during the third quarter worth about $397,000.

LMP Capital and Income Fund Stock Up 1.9%

Shares of SCD stock opened at $14.93 on Wednesday. The firm’s 50-day moving average is $15.51 and its two-hundred day moving average is $15.21. LMP Capital and Income Fund Inc. has a 12 month low of $13.35 and a 12 month high of $16.89.

LMP Capital and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 9.6%.

LMP Capital and Income Fund 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.