IFP Advisors Inc Sells 3,661 Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

IFP Advisors Inc trimmed its holdings in shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM – Get Rating) by 22.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,716 shares of the investment management company’s stock after selling 3,661 shares during the quarter. IFP Advisors Inc’s holdings in ClearBridge MLP and Midstream Fund were worth $178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CEM. Eagle Bay Advisors LLC lifted its holdings in shares of ClearBridge MLP and Midstream Fund by 12.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 2,800 shares of the investment management company’s stock worth $83,000 after purchasing an additional 300 shares in the last quarter. FourThought Financial LLC lifted its holdings in shares of ClearBridge MLP and Midstream Fund by 124.4% in the 3rd quarter. FourThought Financial LLC now owns 3,713 shares of the investment management company’s stock worth $111,000 after purchasing an additional 2,058 shares in the last quarter. First Republic Investment Management Inc. bought a new position in shares of ClearBridge MLP and Midstream Fund in the 1st quarter worth $235,000. Stephens Inc. AR lifted its holdings in shares of ClearBridge MLP and Midstream Fund by 4.2% in the 4th quarter. Stephens Inc. AR now owns 8,062 shares of the investment management company’s stock worth $269,000 after purchasing an additional 327 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its holdings in shares of ClearBridge MLP and Midstream Fund by 270.4% in the 3rd quarter. Verus Capital Partners LLC now owns 13,480 shares of the investment management company’s stock worth $402,000 after purchasing an additional 9,841 shares in the last quarter.

ClearBridge MLP and Midstream Fund Trading Up 0.5 %

Shares of CEM opened at $31.68 on Friday. The business’s fifty day moving average is $32.36 and its 200 day moving average is $33.94. ClearBridge MLP and Midstream Fund Inc has a 12-month low of $26.40 and a 12-month high of $37.87.

ClearBridge MLP and Midstream Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, May 22nd. This is a boost from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.63. This represents a $2.56 annualized dividend and a yield of 8.08%.

About ClearBridge MLP and Midstream Fund

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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.