LMP Capital and Income Fund (NYSE:SCD) Stock Passes Below 200 Day Moving Average – Should You Sell?

LMP Capital and Income Fund Inc. (NYSE:SCD)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.25 and traded as low as $15.10. LMP Capital and Income Fund shares last traded at $15.27, with a volume of 35,555 shares changing hands.

LMP Capital and Income Fund Price Performance

The business has a 50-day simple moving average of $15.60 and a 200 day simple moving average of $15.25.

LMP Capital and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders 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) annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On LMP Capital and Income Fund

A number of hedge funds have recently modified their holdings of SCD. NewEdge Advisors LLC increased its stake in shares of LMP Capital and Income Fund by 13.5% in the first quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 3,856 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in shares of LMP Capital and Income Fund by 261.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 39,376 shares of the real estate investment trust’s stock valued at $614,000 after buying an additional 28,476 shares in the last quarter. Invesco Ltd. boosted its holdings in LMP Capital and Income Fund by 87.0% in the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 11,653 shares during the period. Astoria Portfolio Advisors LLC. boosted its holdings in 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 buying an additional 8,506 shares during the period. Finally, Absolute Investment Advisers LLC purchased a new stake in LMP Capital and Income Fund in the 3rd quarter worth $2,692,000.

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.