ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $46.49 and traded as high as $54.04. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.4960, with a volume of 61,766 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The stock has a 50-day simple moving average of $50.64 and a 200-day simple moving average of $46.49.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.36 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter valued at about $45,000. First Community Trust NA acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth approximately $69,000. Kestra Advisory Services LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth approximately $119,000. Eagle Bay Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at approximately $189,000. Finally, Concurrent Investment Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at approximately $205,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.