J.W. Cole Advisors Inc. Reduces Stock Holdings in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

J.W. Cole Advisors Inc. trimmed its holdings in shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEMGet Rating) by 21.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,072 shares of the investment management company’s stock after selling 4,445 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in ClearBridge MLP and Midstream Fund were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its stake in ClearBridge MLP and Midstream Fund by 23.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 4,060 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 760 shares during the last quarter. Tcwp LLC purchased a new stake in ClearBridge MLP and Midstream Fund during the 1st quarter valued at about $102,000. Raymond James Financial Services Advisors Inc. grew its stake in ClearBridge MLP and Midstream Fund by 5.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 124,797 shares of the investment management company’s stock valued at $4,208,000 after purchasing an additional 6,269 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in ClearBridge MLP and Midstream Fund by 4.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 60,592 shares of the investment management company’s stock valued at $2,043,000 after purchasing an additional 2,576 shares during the last quarter. Finally, Hightower 6M Holding LLC purchased a new stake in shares of ClearBridge MLP and Midstream Fund in the first quarter worth about $603,000.

ClearBridge MLP and Midstream Fund Stock Performance

Shares of CEM opened at $32.80 on Monday. ClearBridge MLP and Midstream Fund Inc has a 52 week low of $24.65 and a 52 week high of $37.99. The stock’s 50-day moving average price is $33.14 and its 200-day moving average price is $32.98.

ClearBridge MLP and Midstream Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th were paid a $0.61 dividend. This is an increase from ClearBridge MLP and Midstream Fund’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.44%.

ClearBridge MLP and Midstream Fund Profile

(Get Rating)

ClearBridge Energy MLP 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 Advisors, 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.

Further Reading

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Institutional Ownership by Quarter for ClearBridge MLP and Midstream Fund (NYSE:CEM)

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