Kingswood Wealth Advisors LLC Invests $677,000 in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Kingswood Wealth Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) in the fourth quarter, HoldingsChannel reports. The fund acquired 14,549 shares of the investment management company’s stock, valued at approximately $677,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMO. Gilliland Jeter Wealth Management LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $31,000. Bogart Wealth LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $37,000. Hobbs Group Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $68,000. Activest Wealth Management bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $95,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $161,000.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 2,209 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the completion of the transaction, the insider now owns 28,000 shares of the company’s stock, valued at approximately $1,289,120. The trade was a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE EMO opened at $49.49 on Thursday. The business’s 50-day simple moving average is $47.99 and its 200-day simple moving average is $44.13. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $35.00 and a 52 week high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be given a $0.33 dividend. This represents a dividend yield of 7.75%. The ex-dividend date is Friday, January 24th.

ClearBridge Energy Midstream Opportunity Fund 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.