Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN) Stock Passes Above Fifty Day Moving Average of $20.73

Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.73 and traded as high as $21.23. Center Coast Brookfield MLP & Energy Infrastructure Fund shares last traded at $21.22, with a volume of 37,861 shares.

Center Coast Brookfield MLP & Energy Infrastructure Fund Stock Performance

The company’s 50 day moving average price is $20.73 and its 200 day moving average price is $19.28.

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.24%.

Insider Transactions at Center Coast Brookfield MLP & Energy Infrastructure Fund

In related news, major shareholder Saba Capital Management, L.P. sold 2,707 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $20.24, for a total value of $54,789.68. Following the transaction, the insider now directly owns 800,722 shares in the company, valued at approximately $16,206,613.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 70,882 shares of company stock worth $1,446,079 in the last 90 days.

Institutional Trading of Center Coast Brookfield MLP & Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEN. Hunting Hill Global Capital LLC acquired a new stake in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund in the second quarter worth $2,591,000. CSS LLC IL raised its stake in Center Coast Brookfield MLP & Energy Infrastructure Fund by 753.2% during the 2nd quarter. CSS LLC IL now owns 137,264 shares of the investment management company’s stock valued at $2,671,000 after purchasing an additional 121,176 shares during the last quarter. Almitas Capital LLC raised its stake in Center Coast Brookfield MLP & Energy Infrastructure Fund by 32.8% during the 4th quarter. Almitas Capital LLC now owns 295,700 shares of the investment management company’s stock valued at $5,130,000 after purchasing an additional 73,104 shares during the last quarter. Sea Otter Advisors LLC acquired a new position in Center Coast Brookfield MLP & Energy Infrastructure Fund during the 1st quarter valued at $1,170,000. Finally, Wolverine Asset Management LLC acquired a new position in Center Coast Brookfield MLP & Energy Infrastructure Fund during the 2nd quarter valued at $1,175,000.

Center Coast Brookfield MLP & Energy Infrastructure Fund Company Profile

Center Coast MLP & Infrastructure Fund is a closed-ended balanced mutual fund launched and managed by Center Coast Capital Advisors, LP. The fund invests in public equity and fixed income markets of North America. It seeks to invest in securities of companies operating in the energy infrastructure sector.