ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.09 and traded as high as $47.16. ClearBridge Energy Midstream Opportunity Fund shares last traded at $46.75, with a volume of 93,654 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Trading Up 0.1 %

The business has a fifty day simple moving average of $46.73 and a 200-day simple moving average of $43.09.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Friday, January 24th.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 8,467 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total value of $369,923.23. Following the completion of the sale, the insider now owns 51,019 shares in the company, valued at approximately $2,229,020.11. This trade represents a 14.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 28,843 shares of company stock valued at $1,276,869.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in ClearBridge Energy Midstream Opportunity Fund by 274.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock valued at $28,314,000 after purchasing an additional 491,725 shares during the period. EP Wealth Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $13,024,000. Stifel Financial Corp purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $4,542,000. Franklin Resources Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $3,220,000. Finally, Landscape Capital Management L.L.C. raised its position in ClearBridge Energy Midstream Opportunity Fund by 598.2% in the third quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock worth $2,934,000 after acquiring an additional 59,560 shares during the period.

ClearBridge Energy Midstream Opportunity Fund Company Profile

ClearBridge Energy MLP Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.