Comerica Bank Has $295,000 Stake in LMP Capital and Income Fund Inc. $SCD

Comerica Bank trimmed its stake in LMP Capital and Income Fund Inc. (NYSE:SCD) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,500 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Comerica Bank’s holdings in LMP Capital and Income Fund were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SCD. Cornerstone Advisors LLC acquired a new stake in LMP Capital and Income Fund in the first quarter valued at $174,000. Cetera Investment Advisers increased its holdings in LMP Capital and Income Fund by 5.9% in the first quarter. Cetera Investment Advisers now owns 12,967 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 728 shares during the period. Private Advisor Group LLC increased its holdings in LMP Capital and Income Fund by 5.9% in the first quarter. Private Advisor Group LLC now owns 17,740 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 992 shares during the period. MGB Wealth Management LLC increased its holdings in LMP Capital and Income Fund by 100.0% in the first quarter. MGB Wealth Management LLC now owns 23,998 shares of the real estate investment trust’s stock valued at $398,000 after purchasing an additional 11,999 shares during the period. Finally, Compound Planning Inc. increased its holdings in LMP Capital and Income Fund by 18.4% in the first quarter. Compound Planning Inc. now owns 32,934 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 5,124 shares during the period.

LMP Capital and Income Fund Stock Performance

Shares of LMP Capital and Income Fund stock opened at $15.44 on Wednesday. The business has a 50-day moving average price of $15.37 and a two-hundred day moving average price of $15.54. LMP Capital and Income Fund Inc. has a 1-year low of $13.35 and a 1-year high of $17.96.

LMP Capital and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, October 24th.

Insiders Place Their Bets

In other LMP Capital and Income Fund news, Director Peter Daniel Charles Mason purchased 2,580 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was purchased at an average cost of $15.59 per share, for a total transaction of $40,222.20. Following the acquisition, the director owned 2,580 shares in the company, valued at approximately $40,222.20. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.