LMP Capital and Income Fund (NYSE:SCD) Shares Pass Above 50 Day Moving Average – Should You Sell?

LMP Capital and Income Fund Inc. (NYSE:SCD) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.32 and traded as high as $17.65. LMP Capital and Income Fund shares last traded at $17.43, with a volume of 39,603 shares.

LMP Capital and Income Fund Trading Up 0.6 %

The stock has a fifty day simple moving average of $17.31 and a two-hundred day simple moving average of $16.44.

LMP Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.113 dividend. This represents a $1.36 annualized dividend and a yield of 7.78%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James & Associates lifted its position in LMP Capital and Income Fund by 0.5% during the second quarter. Raymond James & Associates now owns 902,108 shares of the real estate investment trust’s stock valued at $13,965,000 after purchasing an additional 4,460 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in LMP Capital and Income Fund by 6.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 916,130 shares of the real estate investment trust’s stock valued at $14,182,000 after acquiring an additional 53,523 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in LMP Capital and Income Fund during the second quarter worth about $367,000. Shaker Financial Services LLC purchased a new position in shares of LMP Capital and Income Fund in the 2nd quarter worth about $1,440,000. Finally, Private Advisor Group LLC increased its position in shares of LMP Capital and Income Fund by 8.5% during the 3rd quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 1,272 shares during the last quarter.

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.