Steward Partners Investment Advisory LLC Acquires 14,600 Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

Steward Partners Investment Advisory LLC grew its holdings in ClearBridge MLP and Midstream Fund Inc (NYSE:CEMFree Report) by 40.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,338 shares of the investment management company’s stock after acquiring an additional 14,600 shares during the period. Steward Partners Investment Advisory LLC’s holdings in ClearBridge MLP and Midstream Fund were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. D.A. Davidson & CO. raised its position in ClearBridge MLP and Midstream Fund by 5.6% in the third quarter. D.A. Davidson & CO. now owns 10,543 shares of the investment management company’s stock worth $371,000 after acquiring an additional 563 shares during the period. HighTower Advisors LLC raised its position in shares of ClearBridge MLP and Midstream Fund by 20.4% during the 3rd 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 period. Robinson Capital Management LLC bought a new stake in shares of ClearBridge MLP and Midstream Fund during the 4th quarter valued at $63,000. Clough Capital Partners L P bought a new stake in shares of ClearBridge MLP and Midstream Fund during the 3rd quarter valued at $266,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of ClearBridge MLP and Midstream Fund during the 4th quarter valued at $375,000.

ClearBridge MLP and Midstream Fund Stock Performance

Shares of CEM stock opened at $47.29 on Friday. ClearBridge MLP and Midstream Fund Inc has a one year low of $31.15 and a one year high of $48.61. The company’s fifty day moving average price is $46.16 and its 200-day moving average price is $42.27.

ClearBridge MLP and Midstream Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.08 annualized dividend and a dividend yield of 6.51%.

ClearBridge MLP and Midstream Fund Company Profile

(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.

See Also

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

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