Coastal Investment Advisors Inc. Takes Position in Clearbridge MLP and Midstream Fund Inc (NYSE:CEM)

Share on StockTwits

Coastal Investment Advisors Inc. acquired a new stake in Clearbridge MLP and Midstream Fund Inc (NYSE:CEM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,056 shares of the investment management company’s stock, valued at approximately $25,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Macroview Investment Management LLC bought a new position in shares of Clearbridge MLP and Midstream Fund in the first quarter valued at approximately $27,000. Manchester Capital Management LLC bought a new position in shares of Clearbridge MLP and Midstream Fund in the first quarter valued at approximately $30,000. Brookstone Capital Management bought a new position in shares of Clearbridge MLP and Midstream Fund in the second quarter valued at approximately $153,000. Cetera Advisor Networks LLC bought a new position in shares of Clearbridge MLP and Midstream Fund in the first quarter valued at approximately $179,000. Finally, Millennium Management LLC bought a new position in shares of Clearbridge MLP and Midstream Fund in the fourth quarter valued at approximately $152,000.

CEM stock opened at $11.40 on Thursday. The firm has a 50 day moving average of $11.94 and a 200-day moving average of $12.20. Clearbridge MLP and Midstream Fund Inc has a 12 month low of $9.60 and a 12 month high of $15.47.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be given a $0.295 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.35%.

Clearbridge MLP and Midstream Fund Profile

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.

Featured Article: Hold Rating

Want to see what other hedge funds are holding CEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clearbridge MLP and Midstream Fund Inc (NYSE:CEM).

Institutional Ownership by Quarter for Clearbridge MLP and Midstream Fund (NYSE:CEM)

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



Latest News

Russell Investments Group Ltd. Trims Stock Position in Glacier Bancorp, Inc.
Russell Investments Group Ltd. Trims Stock Position in Glacier Bancorp, Inc.
Russell Investments Group Ltd. Increases Stock Position in Cracker Barrel Old Country Store, Inc.
Russell Investments Group Ltd. Increases Stock Position in Cracker Barrel Old Country Store, Inc.
Russell Investments Group Ltd. Sells 854 Shares of Unilever N.V.
Russell Investments Group Ltd. Sells 854 Shares of Unilever N.V.
Trueblue Inc  Shares Bought by Russell Investments Group Ltd.
Trueblue Inc Shares Bought by Russell Investments Group Ltd.
Russell Investments Group Ltd. Sells 82,024 Shares of Banco Santander-Chile
Russell Investments Group Ltd. Sells 82,024 Shares of Banco Santander-Chile
Leaf Group Ltd.  Shares Sold by Russell Investments Group Ltd.
Leaf Group Ltd. Shares Sold by Russell Investments Group Ltd.


© 2006-2019 Ticker Report