ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $49.26 and traded as high as $50.17. ClearBridge Energy Midstream Opportunity Fund shares last traded at $49.97, with a volume of 52,165 shares.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The stock has a 50 day moving average price of $50.18 and a two-hundred day moving average price of $49.26.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently disclosed 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 is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

Several large investors have recently added to or reduced their stakes in EMO. Sit Investment Associates Inc. increased its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 16.2% during the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock worth $34,724,000 after purchasing an additional 108,345 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 650,976 shares of the investment management company’s stock valued at $31,227,000 after purchasing an additional 11,188 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at $13,637,000. Royal Bank of Canada lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 270,443 shares of the investment management company’s stock valued at $14,284,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $7,085,000.

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.