ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. cut its holdings in ClearBridge MLP and Midstream Fund Inc (NYSE:CEMGet Rating) by 21.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,072 shares of the investment management company’s stock after selling 4,445 shares during the period. J.W. Cole Advisors Inc.’s holdings in ClearBridge MLP and Midstream Fund were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sit Investment Associates Inc. increased its position in shares of ClearBridge MLP and Midstream Fund by 34.3% during the first quarter. Sit Investment Associates Inc. now owns 521,292 shares of the investment management company’s stock worth $17,578,000 after purchasing an additional 133,131 shares in the last quarter. Bank of America Corp DE increased its position in shares of ClearBridge MLP and Midstream Fund by 29.8% during the first quarter. Bank of America Corp DE now owns 457,361 shares of the investment management company’s stock worth $15,422,000 after purchasing an additional 104,961 shares in the last quarter. Quantedge Capital Pte Ltd increased its position in shares of ClearBridge MLP and Midstream Fund by 8.4% during the first quarter. Quantedge Capital Pte Ltd now owns 141,261 shares of the investment management company’s stock worth $4,763,000 after purchasing an additional 11,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of ClearBridge MLP and Midstream Fund by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 124,797 shares of the investment management company’s stock worth $4,208,000 after buying an additional 6,269 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of ClearBridge MLP and Midstream Fund by 1.1% during the first quarter. UBS Group AG now owns 103,935 shares of the investment management company’s stock worth $3,504,000 after buying an additional 1,121 shares during the last quarter.

ClearBridge MLP and Midstream Fund Stock Down 4.1 %

Shares of CEM stock opened at $32.80 on Monday. The business’s fifty day moving average price is $33.14 and its 200 day moving average price is $32.98. ClearBridge MLP and Midstream Fund Inc has a 1-year low of $24.65 and a 1-year high of $37.99.

ClearBridge MLP and Midstream Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 7.44%. This is an increase from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, August 23rd.

ClearBridge MLP and Midstream Fund Company Profile

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ClearBridge Energy MLP 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 Advisors, 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.

Further Reading

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Institutional Ownership by Quarter for ClearBridge MLP and Midstream Fund (NYSE:CEM)

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