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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.93 and traded as high as $52.34. ClearBridge Energy Midstream Opportunity Fund shares last traded at $51.4070, with a volume of 74,541 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.8%

The stock’s fifty day moving average price is $48.63 and its 200 day moving average price is $46.00.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.36 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 8.4%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $5,844,000. Rockefeller Capital Management L.P. boosted its stake in ClearBridge Energy Midstream Opportunity Fund by 4.5% in the second quarter. Rockefeller Capital Management L.P. now owns 36,860 shares of the investment management company’s stock worth $1,768,000 after buying an additional 1,587 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in ClearBridge Energy Midstream Opportunity Fund by 5.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 113,524 shares of the investment management company’s stock valued at $5,446,000 after acquiring an additional 6,067 shares during the last quarter. PFG Investments LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $343,000. Finally, Benjamin Edwards Inc. raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 55.9% during the third quarter. Benjamin Edwards Inc. now owns 7,860 shares of the investment management company’s stock worth $353,000 after acquiring an additional 2,818 shares in 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.