ClearBridge MLP and Midstream Fund (NYSE:CEM) Shares Cross Above 200 Day Moving Average of $40.03

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.03 and traded as high as $45.94. ClearBridge MLP and Midstream Fund shares last traded at $45.75, with a volume of 31,921 shares trading hands.

ClearBridge MLP and Midstream Fund Stock Up 0.7 %

The stock’s fifty day simple moving average is $43.94 and its 200-day simple moving average is $40.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CEM. IFP Advisors Inc raised its holdings in shares of ClearBridge MLP and Midstream Fund by 3.0% in the third quarter. IFP Advisors Inc now owns 13,894 shares of the investment management company’s stock worth $489,000 after buying an additional 401 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of ClearBridge MLP and Midstream Fund by 5.7% in the third quarter. Commonwealth Equity Services LLC now owns 89,445 shares of the investment management company’s stock worth $3,151,000 after buying an additional 4,844 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of ClearBridge MLP and Midstream Fund by 12.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 3,762 shares of the investment management company’s stock worth $133,000 after buying an additional 406 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of ClearBridge MLP and Midstream Fund by 5.6% in the third quarter. D.A. Davidson & CO. now owns 10,543 shares of the investment management company’s stock worth $371,000 after buying an additional 563 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of ClearBridge MLP and Midstream Fund by 20.4% in the third quarter. HighTower Advisors LLC now owns 7,980 shares of the investment management company’s stock worth $282,000 after buying an additional 1,354 shares during the last quarter.

About ClearBridge MLP and Midstream Fund

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.