Sit Investment Associates Inc. Has $42.03 Million Stock Holdings in LMP Capital and Income Fund Inc. $SCD

Sit Investment Associates Inc. reduced its position in LMP Capital and Income Fund Inc. (NYSE:SCD) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,837,709 shares of the real estate investment trust’s stock after selling 247,327 shares during the period. LMP Capital and Income Fund accounts for approximately 0.8% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 25th largest holding. Sit Investment Associates Inc.’s holdings in LMP Capital and Income Fund were worth $42,026,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in LMP Capital and Income Fund by 13.5% during the 1st quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 3,856 shares during the last quarter. Invesco Ltd. lifted its stake in shares of LMP Capital and Income Fund by 87.0% in the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 11,653 shares during the period. Truist Financial Corp bought a new stake in shares of LMP Capital and Income Fund in the 3rd quarter valued at about $224,000. Cornerstone Advisors LLC raised its position in shares of LMP Capital and Income Fund by 660.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock valued at $4,648,000 after acquiring an additional 259,910 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in LMP Capital and Income Fund in the third quarter worth $1,421,000.

LMP Capital and Income Fund Stock Performance

SCD opened at $15.35 on Friday. LMP Capital and Income Fund Inc. has a 12 month low of $13.79 and a 12 month high of $16.18. The company has a fifty day simple moving average of $15.25 and a 200 day simple moving average of $15.24.

LMP Capital and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Monday, August 24th.

LMP Capital and Income Fund Profile

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.