LMP Capital and Income Fund (NYSE:SCD) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

LMP Capital and Income Fund Inc. (NYSE:SCD) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.16 and traded as low as $15.09. LMP Capital and Income Fund shares last traded at $15.1790, with a volume of 513,972 shares.

LMP Capital and Income Fund Stock Down 1.1%

The firm’s 50 day moving average is $15.41 and its two-hundred day moving average is $15.16.

LMP Capital and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Karpus Management Inc. bought a new stake in shares of LMP Capital and Income Fund during the fourth quarter worth about $44,000. Kestra Advisory Services LLC acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter worth approximately $56,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter worth approximately $116,000. Readystate Asset Management LP purchased a new stake in LMP Capital and Income Fund in the 4th quarter valued at $148,000. Finally, Aurora Private Wealth Inc. purchased a new stake in LMP Capital and Income Fund in the 4th quarter valued at $168,000.

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.