LMP Capital and Income Fund Inc. (NYSE:SCD) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in LMP Capital and Income Fund Inc. (NYSE:SCD) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 451,108 shares of the real estate investment trust’s stock after selling 63,494 shares during the period. Advisors Asset Management Inc.’s holdings in LMP Capital and Income Fund were worth $7,759,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SCD. Allworth Financial LP boosted its position in LMP Capital and Income Fund by 397.6% in the 4th quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 2,000 shares during the period. Vista Investment Partners II LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter valued at $213,000. Commonwealth Equity Services LLC boosted its holdings in LMP Capital and Income Fund by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,237 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 1,394 shares during the period. Atomi Financial Group Inc. grew its stake 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 purchasing an additional 1,557 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. purchased a new stake in LMP Capital and Income Fund during the 4th quarter worth about $622,000.

LMP Capital and Income Fund Trading Down 0.4 %

Shares of SCD opened at $16.07 on Wednesday. LMP Capital and Income Fund Inc. has a 1 year low of $14.22 and a 1 year high of $17.96. The stock has a 50-day simple moving average of $16.87 and a 200-day simple moving average of $17.07.

LMP Capital and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.44 dividend on an annualized basis and a yield of 8.96%.

About LMP Capital and Income Fund

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.