Wealth Enhancement Advisory Services LLC Boosts Stock Position in LMP Capital and Income Fund Inc. $SCD

Wealth Enhancement Advisory Services LLC increased its position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 48.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 202,691 shares of the real estate investment trust’s stock after acquiring an additional 66,224 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in LMP Capital and Income Fund were worth $3,075,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Truist Financial Corp purchased a new stake in LMP Capital and Income Fund during the third quarter worth about $224,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of LMP Capital and Income Fund in the third quarter valued at approximately $251,000. Shaker Financial Services LLC purchased a new stake in LMP Capital and Income Fund during the 3rd quarter worth approximately $297,000. Invesco Ltd. increased its stake in LMP Capital and Income Fund by 87.0% during the 2nd quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock worth $391,000 after buying an additional 11,653 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in LMP Capital and Income Fund during the 3rd quarter worth approximately $397,000.

LMP Capital and Income Fund Price Performance

Shares of SCD stock opened at $14.93 on Wednesday. LMP Capital and Income Fund Inc. has a 52 week low of $13.35 and a 52 week high of $16.89. The firm has a 50 day moving average of $15.51 and a two-hundred day moving average of $15.21.

LMP Capital and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Thursday, May 21st.

About LMP Capital and Income Fund

LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.

The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.