Shaker Financial Services LLC Acquires New Position in LMP Capital and Income Fund Inc. (NYSE:SCD)

Shaker Financial Services LLC purchased a new stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 37,613 shares of the real estate investment trust’s stock, valued at approximately $647,000.

Several other large investors have also recently made changes to their positions in SCD. Raymond James Financial Inc. purchased a new stake in shares of LMP Capital and Income Fund in the 4th quarter valued at $33,272,000. Steward Partners Investment Advisory LLC boosted its position in LMP Capital and Income Fund by 13.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock valued at $3,022,000 after buying an additional 20,400 shares during the period. AlphaStar Capital Management LLC grew its stake in shares of LMP Capital and Income Fund by 43.3% during the fourth 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. Astoria Portfolio Advisors LLC. purchased a new position in shares of LMP Capital and Income Fund in the fourth quarter worth about $622,000. Finally, NewEdge Advisors LLC lifted its stake in shares of LMP Capital and Income Fund by 14.2% in the 4th quarter. NewEdge Advisors LLC now owns 28,484 shares of the real estate investment trust’s stock valued at $490,000 after acquiring an additional 3,551 shares during the last quarter.

LMP Capital and Income Fund Stock Performance

Shares of SCD stock opened at $14.26 on Tuesday. LMP Capital and Income Fund Inc. has a 1-year low of $13.35 and a 1-year high of $17.96. The business has a 50-day moving average of $15.80 and a 200 day moving average of $16.72.

LMP Capital and Income Fund Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.12 dividend. This represents a yield of 8.93%. The ex-dividend date was Monday, March 24th. This is a positive change from LMP Capital and Income Fund’s previous dividend of $0.11.

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.