Proficio Capital Partners LLC Invests $6.50 Million in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Proficio Capital Partners LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,760 shares of the investment management company’s stock, valued at approximately $6,504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth approximately $68,000. Activest Wealth Management purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $95,000. Noble Wealth Management PBC purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $157,000. Stephens Inc. AR purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $204,000. Finally, Peregrine Asset Advisers Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $217,000.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

EMO opened at $47.85 on Monday. The stock’s fifty day moving average is $48.90 and its two-hundred day moving average is $46.13. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $36.71 and a 52 week high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.36 per share. This is an increase from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date is Monday, March 24th.

Insiders Place Their Bets

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 9,704 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $47.06, for a total transaction of $456,670.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ClearBridge Energy Midstream Opportunity Fund Profile

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.