HighTower Advisors LLC Has $564,000 Position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

HighTower Advisors LLC lessened its stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 50.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,129 shares of the investment management company’s stock after selling 12,320 shares during the period. HighTower Advisors LLC’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $68,000. Noble Wealth Management PBC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $157,000. Stephens Inc. AR bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at about $204,000. Peregrine Asset Advisers Inc. acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at approximately $217,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $218,000.

Insider Activity

In other news, insider Franklin Resources Inc sold 9,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $47.06, for a total value of $456,670.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

ClearBridge Energy Midstream Opportunity Fund Trading Down 0.1 %

NYSE EMO opened at $49.30 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $36.71 and a 1 year high of $51.87. The firm’s 50 day simple moving average is $49.20 and its 200 day simple moving average is $46.74.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 8.69%.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.