Franklin Resources Inc Sells 7,657 Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) insider Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $43.90, for a total value of $336,142.30. Following the transaction, the insider now directly owns 65,862 shares in the company, valued at approximately $2,891,341.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

EMO stock opened at $43.72 on Friday. The firm has a 50 day simple moving average of $41.21 and a 200 day simple moving average of $41.17. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $30.71 and a 52 week high of $44.26.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend is Thursday, November 21st.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pasadena Private Wealth LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the first quarter valued at $223,000. Chicago Partners Investment Group LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $203,000. Virtu Financial LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $206,000. LexAurum Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $268,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 47.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,090 shares of the investment management company’s stock valued at $532,000 after buying an additional 4,190 shares in the last quarter.

About ClearBridge Energy Midstream Opportunity Fund

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.