ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.50 and traded as high as $51.29. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.5490, with a volume of 37,076 shares.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The company’s fifty day moving average is $50.24 and its 200-day moving average is $49.50.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.36 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Large investors have recently made changes to their positions in the business. EP Wealth Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $13,637,000. Nomura Holdings Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $7,085,000. Sit Investment Associates Inc. boosted its holdings in ClearBridge Energy Midstream Opportunity Fund by 16.2% in the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock valued at $34,724,000 after purchasing an additional 108,345 shares during the period. Absolute Investment Advisers LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth $3,746,000. Finally, Blue Bell Private Wealth Management LLC grew its position in ClearBridge Energy Midstream Opportunity Fund by 845.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 48,981 shares of the investment management company’s stock worth $2,187,000 after purchasing an additional 43,800 shares during the last quarter.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.