NewEdge Advisors LLC Buys 3,551 Shares of LMP Capital and Income Fund Inc. (NYSE:SCD)

NewEdge Advisors LLC lifted its stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 14.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,484 shares of the real estate investment trust’s stock after purchasing an additional 3,551 shares during the quarter. NewEdge Advisors LLC’s holdings in LMP Capital and Income Fund were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP boosted its position in LMP Capital and Income Fund by 397.6% during the 4th quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,000 shares during the period. Vista Investment Partners II LLC acquired a new stake in LMP Capital and Income Fund during the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC boosted its position in LMP Capital and Income Fund by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,237 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 1,394 shares during the period. Envestnet Asset Management Inc. boosted its position in LMP Capital and Income Fund by 11.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,253 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 2,681 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in LMP Capital and Income Fund by 5.9% during the 4th quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 1,557 shares during the period.

LMP Capital and Income Fund Stock Performance

Shares of NYSE SCD opened at $15.17 on Tuesday. LMP Capital and Income Fund Inc. has a 52-week low of $13.35 and a 52-week high of $17.96. The company’s 50 day moving average price is $15.58 and its 200-day moving average price is $16.63.

LMP Capital and Income Fund Increases Dividend

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

LMP Capital and Income Fund Company Profile

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.