ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Major Shareholder Prudential Financial Inc Purchases 166,667 Shares of Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMOGet Rating) major shareholder Prudential Financial Inc bought 166,667 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were acquired at an average price of $30.00 per share, for a total transaction of $5,000,010.00. Following the transaction, the insider now directly owns 166,667 shares in the company, valued at $5,000,010. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ClearBridge Energy Midstream Opportunity Fund Trading Down 2.3 %

Shares of NYSE:EMO opened at $29.19 on Tuesday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $19.61 and a 1 year high of $31.60. The business’s 50 day moving average price is $28.03 and its 200-day moving average price is $27.54.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.52 per share. This is a positive change from ClearBridge Energy Midstream Opportunity Fund’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, November 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Saba Capital Management L.P. lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 153.1% in the 3rd quarter. Saba Capital Management L.P. now owns 1,292,502 shares of the investment management company’s stock valued at $32,325,000 after purchasing an additional 781,932 shares in the last quarter. Clough Capital Partners L P purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $400,000. Royal Bank of Canada lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 1.7% in the 3rd quarter. Royal Bank of Canada now owns 160,884 shares of the investment management company’s stock valued at $4,024,000 after purchasing an additional 2,616 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 4.0% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 81,552 shares of the investment management company’s stock valued at $2,040,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Cornerstone Advisors LLC lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 10.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 204,065 shares of the investment management company’s stock valued at $5,104,000 after purchasing an additional 18,714 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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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.

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Insider Buying and Selling by Quarter for ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO)

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