ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Cross Above 200 Day Moving Average – Here’s What Happened

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.81 and traded as high as $52.93. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.6250, with a volume of 60,480 shares.

ClearBridge Energy Midstream Opportunity Fund Trading Up 1.2%

The company’s 50-day simple moving average is $50.38 and its 200 day simple moving average is $49.81.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

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 paid a dividend of $0.36 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of EMO. EP Wealth Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at approximately $13,637,000. Nomura Holdings Inc. acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $7,085,000. Sit Investment Associates Inc. increased its position in shares of ClearBridge Energy Midstream Opportunity Fund by 16.2% during the fourth 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 in the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at $3,746,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 845.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 48,981 shares of the investment management company’s stock valued at $2,187,000 after purchasing an additional 43,800 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.