LMP Capital and Income Fund (NYSE:SCD) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $15.16 and traded as high as $15.19. LMP Capital and Income Fund shares last traded at $15.19, with a volume of 58,800 shares.

LMP Capital and Income Fund Stock Performance

The business has a 50 day moving average price of $15.16 and a 200-day moving average price of $15.36.

LMP Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 26th. Investors of record on Wednesday, February 17th will be issued a dividend of $0.1325 per share. This represents a $1.59 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Wednesday, February 17th.

Institutional Trading of LMP Capital and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCD. International Assets Investment Management LLC lifted its stake in LMP Capital and Income Fund by 51.0% in the third quarter. International Assets Investment Management LLC now owns 47,000 shares of the real estate investment trust’s stock valued at $693,000 after acquiring an additional 15,874 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of LMP Capital and Income Fund by 3.8% in the 2nd quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock valued at $750,000 after acquiring an additional 1,732 shares during the period. Readystate Asset Management LP grew its position in shares of LMP Capital and Income Fund by 279.4% in the 2nd quarter. Readystate Asset Management LP now owns 37,940 shares of the real estate investment trust’s stock valued at $594,000 after acquiring an additional 27,940 shares during the period. Bank of America Corp DE acquired a new position in shares of LMP Capital and Income Fund during the 2nd quarter worth about $398,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of LMP Capital and Income Fund during the 2nd quarter worth about $499,000.

About LMP Capital and Income Fund

LMP Capital and Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SCD. The fund seeks to provide investors with a high level of current income while also pursuing long-term growth of capital.

The fund invests in a diversified portfolio of income-producing securities and other investments. Its holdings may include common and preferred stocks, convertible securities, corporate debt, government obligations and other fixed-income instruments.