Raymond James Financial Inc. Makes New Investment in LMP Capital and Income Fund Inc. (NYSE:SCD)

Raymond James Financial Inc. acquired a new position in shares of LMP Capital and Income Fund Inc. (NYSE:SCD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,934,435 shares of the real estate investment trust’s stock, valued at approximately $33,272,000.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP lifted its position in LMP Capital and Income Fund by 397.6% during the fourth quarter. Allworth Financial LP now owns 2,503 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 2,000 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of LMP Capital and Income Fund by 5.9% during the fourth quarter. Atomi Financial Group Inc. now owns 27,810 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 1,557 shares during the period. Astoria Portfolio Advisors LLC. bought a new position in shares of LMP Capital and Income Fund during the fourth quarter worth approximately $622,000. AlphaStar Capital Management LLC increased its holdings in shares of LMP Capital and Income Fund by 43.3% during the fourth quarter. AlphaStar Capital Management LLC now owns 49,561 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 14,975 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of LMP Capital and Income Fund by 13.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 175,727 shares of the real estate investment trust’s stock worth $3,022,000 after purchasing an additional 20,400 shares during the period.

LMP Capital and Income Fund Stock Down 1.8 %

Shares of SCD opened at $15.63 on Friday. The firm’s 50 day moving average is $16.96 and its 200-day moving average is $17.08. LMP Capital and Income Fund Inc. has a 12 month low of $14.22 and a 12 month high of $17.96.

LMP Capital and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a $0.12 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.44 dividend on an annualized basis and a yield of 9.21%.

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.