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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.81 and traded as high as $52.93. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.6250, with a volume of 60,480 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The company has a 50-day moving average of $50.38 and a 200 day moving average of $49.81.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a $0.36 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EMO. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 8.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,320 shares of the investment management company’s stock worth $216,000 after purchasing an additional 328 shares during the period. NewEdge Advisors LLC boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 2.3% during the first quarter. NewEdge Advisors LLC now owns 9,765 shares of the investment management company’s stock valued at $516,000 after purchasing an additional 218 shares in the last quarter. Concorde Asset Management LLC increased its holdings in ClearBridge Energy Midstream Opportunity Fund by 14.7% during the first quarter. Concorde Asset Management LLC now owns 7,295 shares of the investment management company’s stock valued at $385,000 after buying an additional 933 shares during the period. Royal Bank of Canada increased its holdings in ClearBridge Energy Midstream Opportunity Fund by 0.9% during the first quarter. Royal Bank of Canada now owns 270,443 shares of the investment management company’s stock valued at $14,284,000 after buying an additional 2,281 shares during the period. Finally, Cetera Investment Advisers raised its stake in ClearBridge Energy Midstream Opportunity Fund by 87.0% in the first quarter. Cetera Investment Advisers now owns 19,792 shares of the investment management company’s stock worth $1,045,000 after buying an additional 9,207 shares in the last quarter.

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.