Raymond James Financial Services Advisors Inc. Has $4.17 Million Position in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM – Get Rating) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 125,070 shares of the investment management company’s stock after selling 1,463 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ClearBridge MLP and Midstream Fund were worth $4,172,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC increased its stake in ClearBridge MLP and Midstream Fund by 12.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 2,800 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 300 shares in the last quarter. Stephens Inc. AR grew its stake 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 acquiring an additional 327 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of ClearBridge MLP and Midstream Fund by 2.1% in the 4th quarter. Transcend Capital Advisors LLC now owns 24,048 shares of the investment management company’s stock worth $802,000 after acquiring an additional 500 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of ClearBridge MLP and Midstream Fund by 0.8% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 133,067 shares of the investment management company’s stock worth $3,965,000 after acquiring an additional 1,027 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of ClearBridge MLP and Midstream Fund by 1.1% in the 1st quarter. UBS Group AG now owns 103,935 shares of the investment management company’s stock worth $3,504,000 after acquiring an additional 1,121 shares in the last quarter.

ClearBridge MLP and Midstream Fund Trading Up 0.4 %

NYSE CEM opened at $33.80 on Friday. ClearBridge MLP and Midstream Fund Inc has a 1 year low of $26.40 and a 1 year high of $37.87. The company has a fifty day moving average price of $32.28 and a 200-day moving average price of $33.88.

ClearBridge MLP and Midstream Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 23rd will be paid a $0.64 dividend. This is a positive change from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.63. The ex-dividend date is Monday, May 22nd. This represents a $2.56 annualized dividend and a dividend yield of 7.57%.

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.