LMP Capital and Income Fund (NYSE:SCD) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of LMP Capital and Income Fund Inc. (NYSE:SCD) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $15.05 and traded as high as $15.40. LMP Capital and Income Fund shares last traded at $15.2630, with a volume of 79,759 shares.

LMP Capital and Income Fund Stock Up 0.3%

The company has a fifty day moving average of $15.04 and a 200-day moving average of $15.34.

LMP Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 26th. Stockholders of record on Wednesday, February 17th will be given a $0.1325 dividend. This represents a $1.59 annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Wednesday, February 17th.

Institutional Trading of LMP Capital and Income Fund

Several large investors have recently made changes to their positions in SCD. Bank of America Corp DE raised its stake in LMP Capital and Income Fund by 2.6% in the 1st quarter. Bank of America Corp DE now owns 26,024 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 661 shares during the last quarter. Readystate Asset Management LP lifted its holdings in LMP Capital and Income Fund by 279.4% in the 2nd quarter. Readystate Asset Management LP now owns 37,940 shares of the real estate investment trust’s stock valued at $594,000 after purchasing an additional 27,940 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in LMP Capital and Income Fund during the 2nd quarter worth $499,000. Royal Bank of Canada boosted its stake in LMP Capital and Income Fund by 4.7% during the 1st quarter. Royal Bank of Canada now owns 80,692 shares of the real estate investment trust’s stock worth $1,205,000 after purchasing an additional 3,630 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in LMP Capital and Income Fund by 9.9% during the 1st quarter. NewEdge Advisors LLC now owns 46,179 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 4,172 shares during the last quarter.

LMP Capital and Income Fund Company Profile

LMP Capital and Income Fund Inc. (NYSE: SCD) is a diversified closed-end management investment company that seeks to provide investors with a high level of current income, along with the opportunity for capital appreciation. The fund invests primarily in a combination of equity and fixed-income securities. Its portfolio may include common stocks, preferred stocks, convertible securities, corporate debt, government securities and other income-producing investments. The fund can invest across industries and geographic markets, giving it flexibility to pursue income and growth opportunities in both domestic and international markets.