ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMOGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.69 and traded as high as $50.74. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.42, with a volume of 42,036 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Trading Up 0.3 %

The firm has a fifty day simple moving average of $47.62 and a two-hundred day simple moving average of $43.69.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.33 per share. This represents a $3.96 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend is Friday, January 24th.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 2,209 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.04, for a total transaction of $101,702.36. Following the sale, the insider now owns 28,000 shares of the company’s stock, valued at approximately $1,289,120. This represents a 7.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMO. Advisors Asset Management Inc. grew its position in ClearBridge Energy Midstream Opportunity Fund by 274.4% in the third quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after acquiring an additional 491,725 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $13,024,000. Stifel Financial Corp purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $4,542,000. Franklin Resources Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $3,220,000. Finally, Landscape Capital Management L.L.C. increased its position in shares of ClearBridge Energy Midstream Opportunity Fund by 598.2% during the third quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock valued at $2,934,000 after buying an additional 59,560 shares during the period.

ClearBridge Energy Midstream Opportunity Fund Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for ClearBridge Energy Midstream Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearBridge Energy Midstream Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.