LMP Capital and Income Fund (NYSE:SCD) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of LMP Capital and Income Fund Inc. (NYSE:SCD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.08 and traded as low as $14.64. LMP Capital and Income Fund shares last traded at $16.01, with a volume of 62,537 shares changing hands.

LMP Capital and Income Fund Price Performance

The business has a fifty day moving average of $17.04 and a 200 day moving average of $17.09.

LMP Capital and Income Fund Dividend Announcement

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

Institutional Trading of LMP Capital and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Astoria Portfolio Advisors LLC. purchased a new position in LMP Capital and Income Fund during the fourth quarter worth about $622,000. Atomi Financial Group Inc. lifted its holdings in shares of LMP Capital and Income Fund by 5.9% in the 4th quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after acquiring an additional 1,557 shares during the last quarter. AlphaStar Capital Management LLC boosted its position in shares of LMP Capital and Income Fund by 43.3% during the 4th quarter. AlphaStar Capital Management LLC now owns 49,561 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 14,975 shares during the period. Allworth Financial LP boosted its position in shares of LMP Capital and Income Fund by 397.6% during the 4th quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 2,000 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in LMP Capital and Income Fund by 13.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock valued at $3,022,000 after purchasing an additional 20,400 shares during the last quarter.

About LMP Capital and Income Fund

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.