ClearBridge MLP and Midstream Fund (NYSE:CEM) Stock Crosses Above Two Hundred Day Moving Average of $42.02

Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEMGet Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.02 and traded as high as $47.03. ClearBridge MLP and Midstream Fund shares last traded at $46.70, with a volume of 22,500 shares.

ClearBridge MLP and Midstream Fund Trading Up 0.4 %

The firm’s fifty day moving average price is $45.99 and its two-hundred day moving average price is $42.02.

ClearBridge MLP and Midstream Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.77 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $3.08 dividend on an annualized basis and a yield of 6.60%.

Institutional Trading of ClearBridge MLP and Midstream Fund

Hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. grew its stake in shares of ClearBridge MLP and Midstream Fund by 17.4% during the 3rd quarter. Saba Capital Management L.P. now owns 1,680,057 shares of the investment management company’s stock valued at $59,188,000 after purchasing an additional 248,594 shares during the period. Advisors Asset Management Inc. grew its position in ClearBridge MLP and Midstream Fund by 66.0% during the third quarter. Advisors Asset Management Inc. now owns 197,835 shares of the investment management company’s stock valued at $6,970,000 after buying an additional 78,667 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its holdings in ClearBridge MLP and Midstream Fund by 35.9% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 110,044 shares of the investment management company’s stock valued at $3,877,000 after buying an additional 29,074 shares during the last quarter. Alpine Global Management LLC raised its position in ClearBridge MLP and Midstream Fund by 33.5% in the first quarter. Alpine Global Management LLC now owns 90,000 shares of the investment management company’s stock worth $4,120,000 after acquiring an additional 22,600 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of ClearBridge MLP and Midstream Fund by 152.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 86,354 shares of the investment management company’s stock worth $3,042,000 after acquiring an additional 52,181 shares during the last quarter.

ClearBridge MLP and Midstream Fund Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for ClearBridge MLP and Midstream Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearBridge MLP and Midstream Fund and related companies with MarketBeat.com's FREE daily email newsletter.