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

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.69 and traded as high as $50.74. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.42, with a volume of 42,036 shares.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The company has a 50-day moving average price of $47.71 and a 200 day moving average price of $43.76.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.33 dividend. This represents a $3.96 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Friday, January 24th.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the sale, the insider now directly owns 28,000 shares of the company’s stock, valued at $1,289,120. The trade was a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EMO. Sanctuary Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth about $1,670,000. LexAurum Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $268,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at approximately $31,000. Eagle Bay Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $161,000. Finally, Bogart Wealth LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $37,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.