ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMOGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.12 and traded as high as $53.23. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.8850, with a volume of 16,522 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The firm has a 50 day moving average price of $50.62 and a 200-day moving average price of $50.12.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of large investors have recently bought and sold shares of EMO. Sound Income Strategies LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the first quarter valued at $26,000. Thomas J. Herzfeld Advisors Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at about $45,000. First Community Trust NA acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at about $69,000. Kestra Advisory Services LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at about $119,000. Finally, Private Advisor Group LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at about $223,000.

About ClearBridge Energy Midstream Opportunity Fund

(Get Free Report)

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.

Further Reading

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