Wells Fargo & Company MN Sells 5,254 Shares of LMP Capital and Income Fund Inc. (NYSE:SCD)

Wells Fargo & Company MN lowered its holdings in LMP Capital and Income Fund Inc. (NYSE:SCD) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,600 shares of the real estate investment trust’s stock after selling 5,254 shares during the quarter. Wells Fargo & Company MN’s holdings in LMP Capital and Income Fund were worth $2,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCD. Raymond James Financial Inc. acquired a new position in LMP Capital and Income Fund during the 4th quarter valued at about $33,272,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at approximately $622,000. Steward Partners Investment Advisory LLC grew its holdings 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 worth $3,022,000 after buying an additional 20,400 shares in the last quarter. AlphaStar Capital Management LLC raised its position in LMP Capital and Income Fund by 43.3% in 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. Finally, Vista Investment Partners II LLC bought a new position in LMP Capital and Income Fund during the 4th quarter valued at $213,000.

LMP Capital and Income Fund Stock Up 1.9 %

SCD opened at $14.94 on Thursday. LMP Capital and Income Fund Inc. has a 1 year low of $13.35 and a 1 year high of $17.96. The firm’s fifty day moving average price is $15.71 and its two-hundred day moving average price is $16.69.

LMP Capital and Income Fund Increases Dividend

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

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.