LMP Capital and Income Fund Inc. $SCD Stock Position Cut by Shaker Financial Services LLC

Shaker Financial Services LLC lowered its holdings in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 13.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 288,321 shares of the real estate investment trust’s stock after selling 45,093 shares during the period. LMP Capital and Income Fund comprises 1.4% of Shaker Financial Services LLC’s holdings, making the stock its 19th largest holding. Shaker Financial Services LLC’s holdings in LMP Capital and Income Fund were worth $4,250,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in shares of LMP Capital and Income Fund by 3.8% during the second quarter. NewEdge Advisors LLC now owns 47,911 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 1,732 shares during the period. Readystate Asset Management LP grew its stake in shares of LMP Capital and Income Fund by 279.4% in the second quarter. Readystate Asset Management LP now owns 37,940 shares of the real estate investment trust’s stock worth $594,000 after purchasing an additional 27,940 shares during the last quarter. Bank of America Corp DE acquired a new stake in LMP Capital and Income Fund in the second quarter valued at $398,000. Landscape Capital Management L.L.C. bought a new position in LMP Capital and Income Fund during the 2nd quarter worth $499,000. Finally, MGO One Seven LLC bought a new position in LMP Capital and Income Fund during the 2nd quarter worth $413,000.

LMP Capital and Income Fund Stock Down 0.8%

SCD traded down $0.12 during midday trading on Wednesday, hitting $14.85. 69,834 shares of the company were exchanged, compared to its average volume of 72,600. The firm’s 50 day moving average price is $15.32 and its 200-day moving average price is $15.33. LMP Capital and Income Fund Inc. has a 1-year low of $13.79 and a 1-year high of $16.18.

LMP Capital and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Wednesday, September 23rd.

LMP Capital and Income Fund Profile

LMP Capital and Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SCD. The fund seeks to provide investors with a high level of current income while also pursuing long-term growth of capital.

The fund invests in a diversified portfolio of income-producing securities and other investments. Its holdings may include common and preferred stocks, convertible securities, corporate debt, government obligations and other fixed-income instruments.