ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) insider Chris Eades acquired 3,140 shares of ClearBridge American Energy MLP Fund stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $8.01 per share, with a total value of $25,151.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) traded up $0.19 on Tuesday, hitting $8.06. 597,900 shares of the company’s stock traded hands, compared to its average volume of 214,241. ClearBridge American Energy MLP Fund Inc. has a one year low of $6.94 and a one year high of $10.54.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 24th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.93%. The ex-dividend date of this dividend was Wednesday, November 22nd.

Several institutional investors and hedge funds have recently made changes to their positions in CBA. RFG Advisory Group LLC acquired a new position in shares of ClearBridge American Energy MLP Fund in the second quarter worth about $107,000. San Francisco Sentry Investment Group CA acquired a new position in shares of ClearBridge American Energy MLP Fund in the second quarter worth about $121,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of ClearBridge American Energy MLP Fund by 76.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,847 shares of the investment management company’s stock worth $153,000 after buying an additional 7,717 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of ClearBridge American Energy MLP Fund by 20.0% in the second quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the investment management company’s stock worth $196,000 after buying an additional 3,623 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of ClearBridge American Energy MLP Fund by 14.4% in the third quarter. HighPoint Advisor Group LLC now owns 50,100 shares of the investment management company’s stock worth $396,000 after buying an additional 6,300 shares during the period. Institutional investors own 20.95% of the company’s stock.

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ClearBridge American Energy MLP Fund Company Profile

ClearBridge American 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 equal emphasis on current distributions and capital appreciation. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.

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