LMP Capital and Income Fund Inc. $SCD Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC trimmed its stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,321 shares of the real estate investment trust’s stock after selling 45,093 shares during the quarter. LMP Capital and Income Fund makes up about 1.4% of Shaker Financial Services LLC’s portfolio, making the stock its 19th largest holding. Shaker Financial Services LLC’s holdings in LMP Capital and Income Fund were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in shares of LMP Capital and Income Fund by 3.8% during the second quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock worth $750,000 after buying an additional 1,732 shares in the last quarter. Readystate Asset Management LP boosted its holdings in shares of LMP Capital and Income Fund by 279.4% during 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 in the last quarter. Bank of America Corp DE acquired a new stake in shares of LMP Capital and Income Fund during the 2nd quarter valued at $398,000. Landscape Capital Management L.L.C. acquired a new stake in shares of LMP Capital and Income Fund during the 2nd quarter valued at $499,000. Finally, MGO One Seven LLC bought a new stake in LMP Capital and Income Fund during the 2nd quarter worth $413,000.

LMP Capital and Income Fund Price Performance

SCD traded down $0.12 on Wednesday, reaching $14.85. The stock had a trading volume of 69,834 shares, compared to its average volume of 72,600. LMP Capital and Income Fund Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $16.18. The firm has a 50-day moving average of $15.32 and a 200-day 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. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 9.7%. The ex-dividend date was Wednesday, September 23rd.

LMP Capital and Income Fund Profile

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.