ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Major Shareholder Buys $608,251.92 in Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) major shareholder Saba Capital Management, L.P. purchased 18,996 shares of the stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $32.02 per share, with a total value of $608,251.92. Following the transaction, the insider now owns 2,463,368 shares in the company, valued at approximately $78,877,043.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, August 31st, Saba Capital Management, L.P. purchased 21,747 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were purchased at an average cost of $31.55 per share, with a total value of $686,117.85.
• On Monday, August 28th, Saba Capital Management, L.P. purchased 10,448 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were purchased at an average cost of $31.16 per share, with a total value of $325,559.68.
• On Friday, August 25th, Saba Capital Management, L.P. purchased 20,167 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were purchased at an average cost of $31.01 per share, with a total value of $625,378.67.
• On Monday, August 21st, Saba Capital Management, L.P. acquired 10,573 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.59 per share, with a total value of $334,001.07.
• On Thursday, August 17th, Saba Capital Management, L.P. acquired 7,417 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.29 per share, with a total value of $232,077.93.
• On Thursday, August 3rd, Saba Capital Management, L.P. acquired 2,192 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.37 per share, with a total value of $68,763.04.
• On Wednesday, July 26th, Saba Capital Management, L.P. acquired 9,073 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.84 per share, with a total value of $288,884.32.
• On Monday, July 24th, Saba Capital Management, L.P. acquired 9,161 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.90 per share, with a total value of $292,235.90.
• On Friday, July 21st, Saba Capital Management, L.P. acquired 1,144 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $31.35 per share, with a total value of $35,864.40.
• On Monday, July 17th, Saba Capital Management, L.P. acquired 29,615 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was bought at an average cost of $30.53 per share, with a total value of $904,145.95.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.2 %

NYSE EMO opened at $31.49 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a twelve month low of $23.31 and a twelve month high of $32.41. The stock has a 50-day moving average of $31.20 and a 200 day moving average of $29.35.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 24th were issued a $0.65 dividend. This is a boost from ClearBridge Energy Midstream Opportunity Fund’s previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, August 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 8.26%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 1.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 32,831 shares of the investment management company’s stock worth $927,000 after purchasing an additional 365 shares during the period. Cerity Partners LLC increased its stake in ClearBridge Energy Midstream Opportunity Fund by 3.0% during the 2nd quarter. Cerity Partners LLC now owns 13,474 shares of the investment management company’s stock worth $402,000 after buying an additional 390 shares in the last quarter. HighTower Advisors LLC increased its stake in ClearBridge Energy Midstream Opportunity Fund by 7.7% during the 1st quarter. HighTower Advisors LLC now owns 7,724 shares of the investment management company’s stock worth $220,000 after buying an additional 554 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in ClearBridge Energy Midstream Opportunity Fund by 6.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 12,477 shares of the investment management company’s stock worth $357,000 after buying an additional 741 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $33,000.

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.