Sit Investment Associates Inc. Sells 247,327 Shares of LMP Capital and Income Fund Inc. $SCD

Sit Investment Associates Inc. cut its position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 8.0% in the fourth quarter, Holdings Channel reports. The institutional investor 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 comprises 0.8% of Sit Investment Associates Inc.’s portfolio, making the stock its 25th biggest holding. Sit Investment Associates Inc.’s holdings in LMP Capital and Income Fund were worth $42,026,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC acquired a new stake in LMP Capital and Income Fund in the 4th quarter valued at $116,000. Aurora Private Wealth Inc. acquired a new stake in LMP Capital and Income Fund in the 4th quarter valued at about $168,000. World Investment Advisors bought a new position in LMP Capital and Income Fund during the fourth quarter worth about $201,000. Truist Financial Corp acquired a new position in LMP Capital and Income Fund during the third quarter worth approximately $224,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in LMP Capital and Income Fund during the third quarter worth approximately $251,000.

LMP Capital and Income Fund Stock Performance

NYSE: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 stock’s 50 day moving average price is $15.25 and its two-hundred day moving average price is $15.24.

LMP Capital and Income Fund Dividend Announcement

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

About LMP Capital and Income Fund

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.