ClearBridge MLP and Midstream Total Return Fund (NYSE:CTR) Stock Price Crosses Below 200-Day Moving Average of $40.97

ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.97 and traded as low as $40.20. ClearBridge MLP and Midstream Total Return Fund shares last traded at $40.25, with a volume of 3,900 shares traded.

ClearBridge MLP and Midstream Total Return Fund Stock Down 0.0 %

The firm has a 50 day moving average of $40.02 and a two-hundred day moving average of $40.97.

ClearBridge MLP and Midstream Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Wednesday, August 14th. ClearBridge MLP and Midstream Total Return Fund’s dividend payout ratio (DPR) is presently 205.88%.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Total Return Fund

Hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Capital Advisors LP grew its position in shares of ClearBridge MLP and Midstream Total Return Fund by 704.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 42,620 shares of the investment management company’s stock valued at $1,768,000 after purchasing an additional 37,320 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in ClearBridge MLP and Midstream Total Return Fund by 10.2% in the 1st quarter. Advisors Asset Management Inc. now owns 313,270 shares of the investment management company’s stock valued at $12,994,000 after buying an additional 29,005 shares in the last quarter. Quarry LP grew its holdings in ClearBridge MLP and Midstream Total Return Fund by 138.4% during the 4th quarter. Quarry LP now owns 25,493 shares of the investment management company’s stock valued at $924,000 after buying an additional 14,800 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in ClearBridge MLP and Midstream Total Return Fund during the 2nd quarter valued at $487,000. Finally, Robinson Capital Management LLC increased its position in ClearBridge MLP and Midstream Total Return Fund by 48.8% during the first quarter. Robinson Capital Management LLC now owns 6,101 shares of the investment management company’s stock worth $252,000 after buying an additional 2,000 shares in the last quarter.

About ClearBridge MLP and Midstream Total Return Fund

ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.