ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.09 and traded as high as $47.16. ClearBridge Energy Midstream Opportunity Fund shares last traded at $46.75, with a volume of 93,654 shares.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.1 %

The firm has a fifty day moving average of $46.73 and a two-hundred day moving average of $43.09.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a $0.33 dividend. This represents a $3.96 annualized dividend and a dividend yield of 8.47%. The ex-dividend date is Friday, January 24th.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 8,467 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $43.69, for a total transaction of $369,923.23. Following the sale, the insider now directly owns 51,019 shares in the company, valued at approximately $2,229,020.11. The trade was a 14.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 28,843 shares of company stock worth $1,276,869.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $31,000. Bogart Wealth LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $37,000. Hobbs Group Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $68,000. Activest Wealth Management purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $95,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $161,000.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy MLP Opportunity Fund Inc is a closed ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by ClearBridge Investments, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector.