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

LMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.14 and traded as low as $15.08. LMP Capital and Income Fund shares last traded at $15.20, with a volume of 62,299 shares trading hands.

LMP Capital and Income Fund Stock Performance

The stock’s 50 day simple moving average is $15.18 and its 200 day simple moving average is $15.14.

Get LMP Capital and Income Fund alerts:

LMP Capital and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 9.5%.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in LMP Capital and Income Fund in the 4th quarter worth about $970,000. Shaker Financial Services LLC raised its holdings in shares of LMP Capital and Income Fund by 341.1% in the 4th quarter. Shaker Financial Services LLC now owns 83,807 shares of the real estate investment trust’s stock worth $1,241,000 after purchasing an additional 64,807 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of LMP Capital and Income Fund by 48.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock valued at $3,075,000 after buying an additional 66,224 shares during the last quarter. Wolverine Asset Management LLC boosted its position in LMP Capital and Income Fund by 648.2% during the fourth quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock worth $2,832,000 after purchasing an additional 165,675 shares during the period. Finally, Calamos Advisors LLC bought a new position in LMP Capital and Income Fund in the 4th quarter worth approximately $540,000.

About LMP Capital and Income Fund

(Get Free Report)

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.

Read More

• Five stocks we like better than LMP Capital and Income Fund
• Navy Catalyst Ignites Odysight’s Growth Engine
• AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
• Axon Surged After Earnings and Is Still Down Over 50% From Highs
• The Event That Could Redefine Apple’s Summer Rally

Receive News & Ratings for LMP Capital and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LMP Capital and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.