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

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

LMP Capital and Income Fund Stock Down 0.3 %

The stock has a 50 day moving average of $17.07 and a 200 day moving average of $17.08.

LMP Capital and Income Fund Dividend Announcement

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

Institutional Investors Weigh In On LMP Capital and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. bought a new stake in LMP Capital and Income Fund during the fourth quarter valued at $622,000. Atomi Financial Group Inc. grew its position in shares of LMP Capital and Income Fund by 5.9% during the 4th quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 1,557 shares during the last quarter. AlphaStar Capital Management LLC grew 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 valued at $852,000 after buying an additional 14,975 shares during the last quarter. Allworth Financial LP raised its stake 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 acquiring an additional 2,000 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in LMP Capital and Income Fund by 13.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock worth $3,022,000 after acquiring 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.