ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $49.08 and traded as high as $49.54. ClearBridge Energy Midstream Opportunity Fund shares last traded at $49.43, with a volume of 71,635 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.2%

The business’s 50 day simple moving average is $50.17 and its 200 day simple moving average is $49.08.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several large investors have recently added to or reduced their stakes in EMO. NewEdge Advisors LLC lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 2.3% in the first quarter. NewEdge Advisors LLC now owns 9,765 shares of the investment management company’s stock worth $516,000 after buying an additional 218 shares in the last quarter. HighTower Advisors LLC grew its stake in ClearBridge Energy Midstream Opportunity Fund by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 10,046 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 262 shares in the last quarter. First Trust Advisors LP grew its stake in ClearBridge Energy Midstream Opportunity Fund by 1.5% during the 2nd quarter. First Trust Advisors LP now owns 17,854 shares of the investment management company’s stock valued at $856,000 after acquiring an additional 269 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 5,508 shares of the investment management company’s stock valued at $291,000 after acquiring an additional 375 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 3.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,989 shares of the investment management company’s stock valued at $669,000 after acquiring an additional 440 shares during 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.