Wealth Care LLC Takes $736,000 Position in LMP Capital and Income Fund Inc. $SCD

Wealth Care LLC purchased a new position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,294 shares of the real estate investment trust’s stock, valued at approximately $736,000. LMP Capital and Income Fund comprises about 0.7% of Wealth Care LLC’s investment portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in LMP Capital and Income Fund by 648.2% in the 4th quarter. Wolverine Asset Management LLC now owns 191,235 shares of the real estate investment trust’s stock worth $2,832,000 after buying an additional 165,675 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of LMP Capital and Income Fund in the third quarter valued at approximately $1,421,000. Wells Fargo & Company MN lifted its position in shares of LMP Capital and Income Fund by 35.3% in the fourth quarter. Wells Fargo & Company MN now owns 264,820 shares of the real estate investment trust’s stock valued at $3,922,000 after acquiring an additional 69,084 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of LMP Capital and Income Fund by 48.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock worth $3,075,000 after acquiring an additional 66,224 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of LMP Capital and Income Fund in the fourth quarter worth approximately $970,000.

LMP Capital and Income Fund Trading Down 0.4%

Shares of SCD opened at $15.64 on Wednesday. The stock has a 50 day moving average price of $15.36 and a 200 day moving average price of $15.31. LMP Capital and Income Fund Inc. has a one year low of $13.79 and a one year high of $16.18.

LMP Capital and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

LMP Capital and Income Fund Profile

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.