Shaker Financial Services LLC Purchases 64,807 Shares of LMP Capital and Income Fund Inc. $SCD

Shaker Financial Services LLC grew its position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) by 341.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,807 shares of the real estate investment trust’s stock after acquiring an additional 64,807 shares during the period. Shaker Financial Services LLC’s holdings in LMP Capital and Income Fund were worth $1,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SCD. Truist Financial Corp bought a new position in LMP Capital and Income Fund during the 3rd quarter worth approximately $224,000. Mercer Global Advisors Inc. ADV bought a new position in LMP Capital and Income Fund during the 3rd quarter worth approximately $251,000. Invesco Ltd. grew its position 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 acquiring an additional 11,653 shares during the last quarter. Wolverine Asset Management LLC bought a new position in LMP Capital and Income Fund during the 3rd quarter worth approximately $397,000. Finally, NewEdge Advisors LLC lifted its holdings in LMP Capital and Income Fund by 13.5% in the 1st quarter. NewEdge Advisors LLC now owns 32,340 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 3,856 shares during the period.

LMP Capital and Income Fund Trading Down 1.1%

NYSE SCD opened at $15.18 on Friday. LMP Capital and Income Fund Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $16.89. The stock has a 50 day simple moving average of $15.41 and a two-hundred day simple moving average of $15.16.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 9.5%.

LMP Capital and Income Fund Company 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.