FourThought Financial LLC Increases Stake in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

FourThought Financial LLC boosted its stake in shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEMGet Rating) by 124.4% in the 3rd quarter, Holdings Channel reports. The fund owned 3,713 shares of the investment management company’s stock after buying an additional 2,058 shares during the period. FourThought Financial LLC’s holdings in ClearBridge MLP and Midstream Fund were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CEM. Eagle Bay Advisors LLC acquired a new stake in ClearBridge MLP and Midstream Fund in the second quarter valued at approximately $72,000. First Republic Investment Management Inc. acquired a new stake in ClearBridge MLP and Midstream Fund in the first quarter valued at approximately $235,000. Verus Capital Partners LLC grew its holdings in ClearBridge MLP and Midstream Fund by 270.4% in the third quarter. Verus Capital Partners LLC now owns 13,480 shares of the investment management company’s stock valued at $402,000 after purchasing an additional 9,841 shares during the period. IFP Advisors Inc grew its holdings in ClearBridge MLP and Midstream Fund by 24.6% in the third quarter. IFP Advisors Inc now owns 16,377 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 3,235 shares during the period. Finally, OTA Financial Group L.P. grew its holdings in ClearBridge MLP and Midstream Fund by 53.7% in the third quarter. OTA Financial Group L.P. now owns 33,999 shares of the investment management company’s stock valued at $1,013,000 after purchasing an additional 11,877 shares during the period.

ClearBridge MLP and Midstream Fund Price Performance

Shares of CEM opened at $30.59 on Friday. ClearBridge MLP and Midstream Fund Inc has a 12 month low of $26.40 and a 12 month high of $37.99. The stock’s 50 day moving average is $34.93 and its two-hundred day moving average is $33.96.

ClearBridge MLP and Midstream Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st were issued a $0.63 dividend. This is a positive change from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend was Friday, February 17th.

ClearBridge MLP and Midstream Fund Profile

(Get Rating)

Clearbridge MLP & Midstream Fund, Inc operates as a mutual fund, closed-end investment trust, which engages in the provision of high level of total return on cash distributions. It invests in master limited partnerships in the energy sector. The company was founded on March 31, 2010 and is headquartered in New York, NY.

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

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