Advisors Asset Management Inc. Sells 78,239 Shares of LMP Capital and Income Fund Inc. $SCD

Advisors Asset Management Inc. reduced its stake in LMP Capital and Income Fund Inc. (NYSE:SCD) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,776 shares of the real estate investment trust’s stock after selling 78,239 shares during the quarter. Advisors Asset Management Inc.’s holdings in LMP Capital and Income Fund were worth $4,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp bought a new position in LMP Capital and Income Fund during the 3rd quarter valued at approximately $224,000. Wolverine Asset Management LLC purchased a new stake in shares of LMP Capital and Income Fund in the third quarter worth $397,000. Shaker Financial Services LLC bought a new position in shares of LMP Capital and Income Fund during the third quarter valued at $297,000. Absolute Investment Advisers LLC purchased a new position in shares of LMP Capital and Income Fund in the 3rd quarter worth about $2,692,000. Finally, Astoria Portfolio Advisors LLC. raised its position in shares of LMP Capital and Income Fund by 15.1% in the 3rd quarter. Astoria Portfolio Advisors LLC. now owns 64,889 shares of the real estate investment trust’s stock worth $1,017,000 after purchasing an additional 8,506 shares during the last quarter.

LMP Capital and Income Fund Price Performance

Shares of SCD stock opened at $16.06 on Friday. LMP Capital and Income Fund Inc. has a one year low of $13.35 and a one year high of $17.57. The company’s 50-day moving average is $15.21 and its 200 day moving average is $15.19.

LMP Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

LMP Capital and Income Fund Company Profile

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.