AlphaStar Capital Management LLC Increases Position in LMP Capital and Income Fund Inc. (NYSE:SCD)

AlphaStar Capital Management LLC increased its stake in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,561 shares of the real estate investment trust’s stock after buying an additional 14,975 shares during the quarter. AlphaStar Capital Management LLC’s holdings in LMP Capital and Income Fund were worth $852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. lifted its holdings in shares of LMP Capital and Income Fund by 5.9% during the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,557 shares during the period. Astoria Portfolio Advisors LLC. purchased a new stake in shares of LMP Capital and Income Fund in the fourth quarter valued at about $622,000. Creekmur Asset Management LLC acquired a new position in shares of LMP Capital and Income Fund during the third quarter worth about $38,000. GHP Investment Advisors Inc. purchased a new position in LMP Capital and Income Fund during the third quarter worth about $39,000. Finally, International Assets Investment Management LLC lifted its position in LMP Capital and Income Fund by 1,659.0% in the third quarter. International Assets Investment Management LLC now owns 232,645 shares of the real estate investment trust’s stock valued at $4,092,000 after purchasing an additional 219,419 shares during the period.

LMP Capital and Income Fund Stock Down 0.6 %

Shares of SCD opened at $17.04 on Friday. The stock’s 50 day moving average is $17.20 and its two-hundred day moving average is $16.90. LMP Capital and Income Fund Inc. has a twelve month low of $13.87 and a twelve month high of $17.96.

LMP Capital and Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Monday, January 27th were issued a dividend of $0.113 per share. This represents a yield of 7.67%. The ex-dividend date was Friday, January 24th.

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.