ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.40 and traded as high as $47.04. ClearBridge Energy Midstream Opportunity Fund shares last traded at $46.63, with a volume of 49,356 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Down 0.4%

The business has a fifty day moving average of $44.85 and a two-hundred day moving average of $45.40.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMO. First Community Trust NA purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $69,000. TrueMark Investments LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth approximately $282,000. Hickory Point Bank & Trust acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter valued at approximately $308,000. Susquehanna International Group LLP purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $258,000. Finally, Quarry LP purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $696,000.

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.