ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Pass Above 200 Day Moving Average – Here’s Why

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.93 and traded as high as $52.34. ClearBridge Energy Midstream Opportunity Fund shares last traded at $51.4070, with a volume of 74,541 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Down 1.4%

The company’s 50 day moving average price is $48.35 and its two-hundred day moving average price is $45.93.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.36 per share. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EMO. Penserra Capital Management LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $5,844,000. Rockefeller Capital Management L.P. grew its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 4.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 36,860 shares of the investment management company’s stock valued at $1,768,000 after acquiring an additional 1,587 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 5.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 113,524 shares of the investment management company’s stock valued at $5,446,000 after acquiring an additional 6,067 shares during the period. Allworth Financial LP purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth approximately $29,000. Finally, First Community Trust NA purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth approximately $69,000.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.