LMP Capital and Income Fund Inc. $SCD Shares Purchased by Wolverine Asset Management LLC
by Teresa Graham · The Cerbat GemWolverine Asset Management LLC boosted its holdings in shares of LMP Capital and Income Fund Inc. (NYSE:SCD – Free Report) by 648.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,235 shares of the real estate investment trust’s stock after buying an additional 165,675 shares during the quarter. Wolverine Asset Management LLC’s holdings in LMP Capital and Income Fund were worth $2,832,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in SCD. Cornerstone Advisors LLC lifted its holdings in LMP Capital and Income Fund by 660.1% during the 3rd quarter. Cornerstone Advisors LLC now owns 299,286 shares of the real estate investment trust’s stock worth $4,648,000 after buying an additional 259,910 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in LMP Capital and Income Fund during the 3rd quarter worth approximately $1,421,000. Wealth Enhancement Advisory Services LLC lifted its holdings in LMP Capital and Income Fund by 48.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 202,691 shares of the real estate investment trust’s stock worth $3,075,000 after buying an additional 66,224 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in LMP Capital and Income Fund during the 4th quarter worth approximately $970,000. Finally, Shaker Financial Services LLC lifted its holdings in LMP Capital and Income Fund by 341.1% during the 4th quarter. Shaker Financial Services LLC now owns 83,807 shares of the real estate investment trust’s stock worth $1,241,000 after buying an additional 64,807 shares in the last quarter.
LMP Capital and Income Fund Trading Down 1.1%
LMP Capital and Income Fund stock opened at $15.24 on Tuesday. LMP Capital and Income Fund Inc. has a 52-week low of $13.79 and a 52-week high of $16.89. The company’s 50 day moving average is $15.26 and its two-hundred day moving average is $15.13.
LMP Capital and Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 9.5%.
About LMP Capital and Income Fund
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.