LMP Capital and Income Fund Inc. (NYSE:SCD) Shares Sold by Chapin Davis Inc.

Chapin Davis Inc. decreased its holdings in LMP Capital and Income Fund Inc. (NYSE:SCD) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,102 shares of the real estate investment trust’s stock after selling 850 shares during the quarter. Chapin Davis Inc.’s holdings in LMP Capital and Income Fund were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stonebrook Private Inc. acquired a new position in LMP Capital and Income Fund during the 4th quarter valued at approximately $374,000. AlphaStar Capital Management LLC increased its position in shares of LMP Capital and Income Fund by 42.9% in the 4th quarter. AlphaStar Capital Management LLC now owns 40,106 shares of the real estate investment trust’s stock valued at $562,000 after acquiring an additional 12,049 shares during the period. Quarry LP purchased a new position in LMP Capital and Income Fund in the 4th quarter worth $751,000. Steward Partners Investment Advisory LLC lifted its position in LMP Capital and Income Fund by 2.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 115,174 shares of the real estate investment trust’s stock worth $1,614,000 after acquiring an additional 2,793 shares during the period. Finally, International Assets Investment Management LLC grew its stake in LMP Capital and Income Fund by 1,301.0% during the 4th quarter. International Assets Investment Management LLC now owns 185,296 shares of the real estate investment trust’s stock valued at $2,596,000 after purchasing an additional 172,070 shares during the last quarter.

LMP Capital and Income Fund Trading Up 1.6 %

Shares of NYSE:SCD traded up $0.26 during trading on Friday, hitting $16.06. The stock had a trading volume of 97,091 shares, compared to its average volume of 49,232. LMP Capital and Income Fund Inc. has a 12-month low of $11.33 and a 12-month high of $16.07. The stock has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $15.06.

LMP Capital and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.113 per share. This represents a $1.36 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Thursday, November 21st.

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.