Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN) Stock Passes Below 50-Day Moving Average of $17.51

Shares of Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CENGet Rating) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.51 and traded as low as $15.16. Center Coast Brookfield MLP & Energy Infrastructure Fund shares last traded at $15.31, with a volume of 3,310 shares changing hands.

The company’s 50-day moving average price is $17.51 and its 200 day moving average price is $16.33.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Tuesday, June 14th.

In other news, major shareholder Saba Capital Management, L.P. purchased 3,188 shares of Center Coast Brookfield MLP & Energy Infrastructure Fund stock in a transaction dated Monday, April 11th. The shares were purchased at an average price of $17.64 per share, with a total value of $56,236.32. Following the transaction, the insider now owns 872,792 shares in the company, valued at $15,396,050.88. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 192,449 shares of company stock worth $3,413,183.

A number of institutional investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. grew its stake in Center Coast Brookfield MLP & Energy Infrastructure Fund by 75.1% during the 1st quarter. Saba Capital Management L.P. now owns 867,958 shares of the investment management company’s stock worth $15,120,000 after purchasing an additional 372,148 shares in the last quarter. Clough Capital Partners L P boosted its stake in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 102.6% in the 4th quarter. Clough Capital Partners L P now owns 107,485 shares of the investment management company’s stock valued at $1,455,000 after buying an additional 54,421 shares during the period. Monograph Wealth Advisors LLC purchased a new position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund in the 4th quarter valued at about $630,000. Wells Fargo & Company MN boosted its stake in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 437.2% in the 4th quarter. Wells Fargo & Company MN now owns 46,286 shares of the investment management company’s stock valued at $626,000 after buying an additional 37,670 shares during the period. Finally, Logan Stone Capital LLC purchased a new position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund in the 4th quarter valued at about $471,000.

About Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN)

Center Coast MLP & Infrastructure Fund is a closed-ended balanced mutual fund launched and managed by Center Coast Capital Advisors, LP. The fund invests in public equity and fixed income markets of North America. It seeks to invest in securities of companies operating in the energy infrastructure sector.

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