LMP Capital and Income Fund (NYSE:SCD) Stock Breaks Below 200-Day Moving Average – What’s Next?

Shares of LMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $15.35 and traded as low as $14.72. LMP Capital and Income Fund shares last traded at $14.72, with a volume of 87,651 shares traded.

LMP Capital and Income Fund Stock Down 0.3%

The firm’s fifty day moving average price is $15.42 and its 200-day moving average price is $15.34.

LMP Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Wednesday, September 23rd.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in LMP Capital and Income Fund by 2.6% during the first quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 661 shares in the last quarter. World Investment Advisors raised its holdings in shares of LMP Capital and Income Fund by 8.4% during the first quarter. World Investment Advisors now owns 14,727 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 1,139 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of LMP Capital and Income Fund by 1.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 66,697 shares of the real estate investment trust’s stock valued at $996,000 after acquiring an additional 1,200 shares during the period. NWF Advisory Services Inc. lifted its position in shares of LMP Capital and Income Fund by 6.6% in the 1st quarter. NWF Advisory Services Inc. now owns 25,888 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 1,600 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in 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 worth $750,000 after purchasing an additional 1,732 shares during the period.

LMP Capital and Income Fund Company Profile

(Get Free Report)

LMP Capital and Income Fund Inc (NYSE: SCD) is a closed-end investment company that seeks to provide investors with a high level of current income and the opportunity for capital appreciation. The fund invests in a diversified portfolio of income-producing securities and equity investments.

Its holdings may include dividend-paying common stocks, preferred stocks, convertible securities, corporate bonds and other fixed-income instruments, including securities below investment grade. The fund may invest across a range of industries and geographic markets, with portfolio allocations changing over time in response to market conditions and the investment adviser’s assessment of income and growth opportunities.

LMP Capital and Income Fund was established in 2003 and is listed on the New York Stock Exchange under the ticker symbol SCD.

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