Quadrant Private Wealth Management LLC Buys Shares of 365,167 ClearBridge American Energy MLP Fund Inc. (CBA)

Quadrant Private Wealth Management LLC bought a new stake in shares of ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) in the 4th quarter, HoldingsChannel reports. The firm bought 365,167 shares of the investment management company’s stock, valued at approximately $3,024,000. ClearBridge American Energy MLP Fund accounts for about 3.1% of Quadrant Private Wealth Management LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in ClearBridge American Energy MLP Fund by 25.6% in the 2nd quarter. Wells Fargo & Company MN now owns 277,105 shares of the investment management company’s stock worth $2,491,000 after acquiring an additional 56,412 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its stake in ClearBridge American Energy MLP Fund by 21.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 477,963 shares of the investment management company’s stock worth $4,103,000 after acquiring an additional 83,072 shares in the last quarter. Advisory Alpha LLC lifted its stake in ClearBridge American Energy MLP Fund by 45.6% in the 3rd quarter. Advisory Alpha LLC now owns 202,915 shares of the investment management company’s stock worth $1,625,000 after acquiring an additional 63,577 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in ClearBridge American Energy MLP Fund in the 3rd quarter worth about $1,163,000. Finally, Royal Bank of Canada lifted its stake in ClearBridge American Energy MLP Fund by 31.8% in the 2nd quarter. Royal Bank of Canada now owns 527,416 shares of the investment management company’s stock worth $4,741,000 after acquiring an additional 127,287 shares in the last quarter. 20.24% of the stock is owned by institutional investors and hedge funds.

Shares of ClearBridge American Energy MLP Fund Inc. (CBA) opened at $9.02 on Monday. ClearBridge American Energy MLP Fund Inc. has a one year low of $6.94 and a one year high of $10.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Thursday, February 15th.

In other ClearBridge American Energy MLP Fund news, insider Chris Eades acquired 3,140 shares of ClearBridge American Energy MLP Fund stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $8.01 per share, with a total value of $25,151.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

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ClearBridge American Energy MLP Fund Profile

ClearBridge American Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.

Want to see what other hedge funds are holding CBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ClearBridge American Energy MLP Fund Inc. (NYSE:CBA).

Institutional Ownership by Quarter for ClearBridge American Energy MLP Fund (NYSE:CBA)

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