ClearBridge MLP and Midstream Fund (NYSE:CEM) Shares Cross Above 200 Day Moving Average of $40.03

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.03 and traded as high as $45.94. ClearBridge MLP and Midstream Fund shares last traded at $45.75, with a volume of 31,921 shares traded.

ClearBridge MLP and Midstream Fund Stock Up 0.7 %

The business’s 50 day moving average is $43.94 and its 200-day moving average is $40.03.

Institutional Trading of ClearBridge MLP and Midstream Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of ClearBridge MLP and Midstream Fund by 3.0% in the third quarter. IFP Advisors Inc now owns 13,894 shares of the investment management company’s stock worth $489,000 after buying an additional 401 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in ClearBridge MLP and Midstream Fund by 12.1% during the third quarter. GPS Wealth Strategies Group LLC now owns 3,762 shares of the investment management company’s stock valued at $133,000 after purchasing an additional 406 shares during the last quarter. D.A. Davidson & CO. increased its stake in ClearBridge MLP and Midstream Fund by 5.6% during the third quarter. D.A. Davidson & CO. now owns 10,543 shares of the investment management company’s stock valued at $371,000 after purchasing an additional 563 shares during the last quarter. HighTower Advisors LLC increased its stake in ClearBridge MLP and Midstream Fund by 20.4% during the third quarter. HighTower Advisors LLC now owns 7,980 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Robinson Capital Management LLC bought a new stake in ClearBridge MLP and Midstream Fund during the fourth quarter valued at $63,000.

ClearBridge MLP and Midstream Fund Company Profile

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.