LMP Capital and Income Fund (NYSE:SCD) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of LMP Capital and Income Fund Inc. (NYSE:SCD) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.83 and traded as low as $14.30. LMP Capital and Income Fund shares last traded at $14.42, with a volume of 47,381 shares.

LMP Capital and Income Fund Price Performance

The firm has a 50-day moving average of $15.96 and a 200 day moving average of $16.80.

LMP Capital and Income Fund Increases Dividend

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

Institutional Trading of LMP Capital and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of LMP Capital and Income Fund during the fourth quarter valued at approximately $33,272,000. Wealth Enhancement Advisory Services LLC acquired a new position in LMP Capital and Income Fund during the first quarter worth about $944,000. Shaker Financial Services LLC bought a new stake in LMP Capital and Income Fund in the fourth quarter worth about $647,000. Astoria Portfolio Advisors LLC. acquired a new stake in LMP Capital and Income Fund in the 4th quarter valued at about $622,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of LMP Capital and Income Fund by 13.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock valued at $3,022,000 after purchasing an additional 20,400 shares in 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.