ClearBridge Energy MLP Fund Inc (CEM) Insider Acquires $14,960.00 in Stock
ClearBridge Energy MLP Fund Inc (NYSE:CEM) insider Chris Eades purchased 1,000 shares of ClearBridge Energy MLP Fund stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $14.96 per share, with a total value of $14,960.00. Following the completion of the transaction, the insider now owns 4,600 shares in the company, valued at approximately $68,816. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of ClearBridge Energy MLP Fund Inc (CEM) traded down 0.07% on Thursday, reaching $14.92. The company had a trading volume of 130,717 shares. ClearBridge Energy MLP Fund Inc has a 52 week low of $13.89 and a 52 week high of $17.96. The company has a 50 day moving average of $14.97 and a 200-day moving average of $15.84.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were issued a $0.355 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.42 dividend on an annualized basis and a yield of 9.52%.
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A number of large investors have recently added to or reduced their stakes in CEM. Tortoise Capital Advisors L.L.C. purchased a new position in ClearBridge Energy MLP Fund in the second quarter valued at $116,000. RFG Advisory Group LLC acquired a new stake in ClearBridge Energy MLP Fund in the second quarter valued at $194,000. MML Investors Services LLC acquired a new stake in ClearBridge Energy MLP Fund in the second quarter valued at $235,000. Nations Financial Group Inc. IA ADV raised its stake in ClearBridge Energy MLP Fund by 1.3% in the second quarter. Nations Financial Group Inc. IA ADV now owns 15,885 shares of the investment management company’s stock valued at $242,000 after buying an additional 200 shares in the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in ClearBridge Energy MLP Fund by 6.5% in the second quarter. Mosaic Family Wealth LLC now owns 20,590 shares of the investment management company’s stock valued at $314,000 after buying an additional 1,254 shares in the last quarter.
About ClearBridge Energy MLP Fund
ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.
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