LMP Capital and Income Fund Inc. (NYSE:SCD) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC increased its holdings in LMP Capital and Income Fund Inc. (NYSE:SCD) by 43.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,561 shares of the real estate investment trust’s stock after buying an additional 14,975 shares during the period. AlphaStar Capital Management LLC’s holdings in LMP Capital and Income Fund were worth $852,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Atomi Financial Group Inc. increased its stake in shares of LMP Capital and Income Fund by 5.9% during the 4th 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 in the last quarter. Creekmur Asset Management LLC acquired a new stake in LMP Capital and Income Fund during the 3rd quarter valued at $38,000. Private Advisor Group LLC grew its holdings in LMP Capital and Income Fund by 8.5% during the 3rd quarter. Private Advisor Group LLC now owns 16,229 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 1,272 shares during the last quarter. International Assets Investment Management LLC increased its position in LMP Capital and Income Fund by 1,659.0% during the third quarter. International Assets Investment Management LLC now owns 232,645 shares of the real estate investment trust’s stock worth $4,092,000 after buying an additional 219,419 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in shares of LMP Capital and Income Fund in the third quarter worth $39,000.

LMP Capital and Income Fund Stock Down 0.6 %

SCD opened at $17.04 on Friday. The business’s fifty day simple moving average is $17.20 and its 200 day simple moving average is $16.90. LMP Capital and Income Fund Inc. has a 52 week low of $13.87 and a 52 week high of $17.96.

LMP Capital and Income Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Monday, January 27th were issued a dividend of $0.113 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a dividend yield of 7.67%.

About LMP Capital and Income Fund

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.