DAVENPORT & Co LLC Reduces Stake in ClearBridge Energy Midstream Opportunity Fund Inc $EMO

DAVENPORT & Co LLC lessened its holdings in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 75.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,319 shares of the investment management company’s stock after selling 26,013 shares during the period. DAVENPORT & Co LLC’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EMO. Susquehanna International Group LLP acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $258,000. Quarry LP acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $696,000. Nomura Holdings Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $7,085,000. Creative Planning acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $275,000. Finally, Edgemoor Investment Advisors Inc. boosted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 3.2% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 54,007 shares of the investment management company’s stock valued at $2,426,000 after buying an additional 1,652 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Stock Down 3.7%

NYSE EMO opened at $50.89 on Thursday. The firm’s fifty day moving average price is $50.73 and its 200 day moving average price is $46.52. ClearBridge Energy Midstream Opportunity Fund Inc has a 12 month low of $39.65 and a 12 month high of $54.90.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.36 dividend. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Thursday, May 21st.

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.