ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $50.12 and traded as high as $53.23. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.8850, with a volume of 16,522 shares.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The stock has a 50 day moving average price of $50.62 and a two-hundred day moving average price of $50.12.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.36 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

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. Terril Brothers Inc. grew its position in ClearBridge Energy Midstream Opportunity Fund by 124.6% in the fourth quarter. Terril Brothers Inc. now owns 51,047 shares of the investment management company’s stock worth $2,279,000 after acquiring an additional 28,323 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 16.2% during the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock worth $34,724,000 after purchasing an additional 108,345 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at $1,040,000. Absolute Investment Advisers LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at $3,746,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 845.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 48,981 shares of the investment management company’s stock valued at $2,187,000 after purchasing an additional 43,800 shares during the last quarter.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.