ClearBridge MLP and Midstream Fund (NYSE:CEM) Stock Price Crosses Above 200-Day Moving Average of $40.86

Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.86 and traded as high as $47.14. ClearBridge MLP and Midstream Fund shares last traded at $47.14, with a volume of 40,749 shares traded.

ClearBridge MLP and Midstream Fund Stock Up 0.7 %

The firm’s 50-day moving average is $44.93 and its two-hundred day moving average is $40.86.

ClearBridge MLP and Midstream Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in ClearBridge MLP and Midstream Fund by 5.6% in the 3rd quarter. D.A. Davidson & CO. now owns 10,543 shares of the investment management company’s stock worth $371,000 after purchasing an additional 563 shares during the last quarter. HighTower Advisors LLC raised its position in ClearBridge MLP and Midstream Fund by 20.4% in the 3rd quarter. HighTower Advisors LLC now owns 7,980 shares of the investment management company’s stock worth $282,000 after purchasing an additional 1,354 shares during the last quarter. Robinson Capital Management LLC bought a new position in ClearBridge MLP and Midstream Fund in the 4th quarter worth approximately $63,000. Commonwealth Equity Services LLC raised its position in ClearBridge MLP and Midstream Fund by 5.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 89,445 shares of the investment management company’s stock worth $3,151,000 after purchasing an additional 4,844 shares during the last quarter. Finally, Laidlaw Wealth Management LLC bought a new position in ClearBridge MLP and Midstream Fund in the 4th quarter worth approximately $204,000.

About ClearBridge MLP and Midstream Fund

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.