Advisors Asset Management Inc. Boosts Stake in LMP Capital and Income Fund Inc. (NYSE:SCD)

Advisors Asset Management Inc. increased its holdings in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 633,763 shares of the real estate investment trust’s stock after purchasing an additional 62,529 shares during the quarter. Advisors Asset Management Inc.’s holdings in LMP Capital and Income Fund were worth $9,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of LMP Capital and Income Fund by 0.5% during the 1st quarter. Raymond James & Associates now owns 897,648 shares of the real estate investment trust’s stock valued at $14,039,000 after acquiring an additional 4,890 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in LMP Capital and Income Fund by 16.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 862,607 shares of the real estate investment trust’s stock worth $13,491,000 after purchasing an additional 119,755 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in LMP Capital and Income Fund by 1,301.0% in the fourth quarter. International Assets Investment Management LLC now owns 185,296 shares of the real estate investment trust’s stock worth $2,596,000 after purchasing an additional 172,070 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in LMP Capital and Income Fund by 2.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 115,174 shares of the real estate investment trust’s stock worth $1,614,000 after purchasing an additional 2,793 shares during the period. Finally, Quarry LP purchased a new stake in LMP Capital and Income Fund during the 4th quarter valued at $751,000.

LMP Capital and Income Fund Price Performance

Shares of NYSE SCD traded down $0.01 during midday trading on Friday, hitting $15.55. 30,434 shares of the stock traded hands, compared to its average volume of 49,970. The firm has a 50-day moving average of $15.42 and a two-hundred day moving average of $14.85. LMP Capital and Income Fund Inc. has a one year low of $11.33 and a one year high of $15.90.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be paid a $0.113 dividend. This represents a $1.36 annualized dividend and a dividend yield of 8.72%. The ex-dividend date is Friday, August 23rd.

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.