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

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.24 and traded as high as $53.40. ClearBridge Energy Midstream Opportunity Fund shares last traded at $53.30, with a volume of 49,260 shares.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The firm’s fifty day moving average price is $49.87 and its 200 day moving average price is $46.24.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.36 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in EMO. EP Wealth Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $13,637,000. Nomura Holdings Inc. acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at approximately $7,085,000. Penserra Capital Management LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at approximately $5,844,000. Sit Investment Associates Inc. increased its position in ClearBridge Energy Midstream Opportunity Fund by 16.2% in the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock worth $34,724,000 after buying an additional 108,345 shares during the period. Finally, Absolute Investment Advisers LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $3,746,000.

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.