ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $43.69 and traded as high as $50.74. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.42, with a volume of 42,036 shares traded.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The business’s 50 day moving average is $47.62 and its 200-day moving average is $43.69.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.96 annualized dividend and a dividend yield of 7.85%.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $47.43, for a total value of $123,792.30. Following the sale, the insider now owns 32,909 shares in the company, valued at $1,560,873.87. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gilliland Jeter Wealth Management LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $31,000. Bogart Wealth LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at approximately $37,000. Hobbs Group Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at $68,000. Activest Wealth Management acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $95,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at about $161,000.

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.