ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $51.40 and traded as high as $52.30. ClearBridge Energy Midstream Opportunity Fund shares last traded at $51.93, with a volume of 31,980 shares traded.
ClearBridge Energy Midstream Opportunity Fund Price Performance
The business has a 50-day simple moving average of $52.93 and a two-hundred day simple moving average of $51.41.
ClearBridge Energy Midstream Opportunity Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.41 dividend. The ex-dividend date is Friday, November 20th. This represents a $4.92 dividend on an annualized basis and a dividend yield of 9.5%.
Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at approximately $9,772,000. Centaurus Financial Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at approximately $472,000. Capstone Investment Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $956,000. EP Wealth Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at approximately $14,903,000. Finally, Sculptor Capital LP acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at about $1,378,000.
About ClearBridge Energy Midstream Opportunity Fund
ClearBridge Energy Midstream Opportunity Fund, Inc is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol EMO. The fund is designed to provide investors with exposure to the energy infrastructure sector through investments in companies involved in the transportation, storage, processing and gathering of energy commodities.
The fund primarily invests in midstream energy businesses, including master limited partnerships and other publicly traded entities that own or operate pipelines, terminals, storage facilities, natural gas processing assets and related infrastructure.
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