Steward Partners Investment Advisory LLC Increases Stock Position in LMP Capital and Income Fund Inc. (NYSE:SCD)

Steward Partners Investment Advisory LLC increased its position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,727 shares of the real estate investment trust’s stock after buying an additional 20,400 shares during the period. Steward Partners Investment Advisory LLC’s holdings in LMP Capital and Income Fund were worth $3,022,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its holdings in LMP Capital and Income Fund by 5.9% during the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,557 shares in the last quarter. Allworth Financial LP boosted its holdings in LMP Capital and Income Fund by 397.6% during the fourth quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,000 shares in the last quarter. AlphaStar Capital Management LLC boosted its holdings in LMP Capital and Income Fund by 43.3% during the fourth quarter. AlphaStar Capital Management LLC now owns 49,561 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 14,975 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. purchased a new stake in LMP Capital and Income Fund during the fourth quarter worth $622,000.

LMP Capital and Income Fund Stock Down 0.3 %

SCD opened at $16.01 on Friday. LMP Capital and Income Fund Inc. has a 52-week low of $14.22 and a 52-week high of $17.96. The firm’s fifty day simple moving average is $17.07 and its two-hundred day simple moving average is $17.08.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 8.99%. The ex-dividend date is Monday, March 24th.

LMP Capital and Income Fund Company Profile

LMP Capital and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Investments, LLC, Western Asset Management Company Limited, and Western Asset Management Company. The fund invests in public equity and fixed income markets across the globe.