73,519 Shares in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Purchased by Franklin Resources Inc.

Franklin Resources Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the third quarter, HoldingsChannel reports. The institutional investor acquired 73,519 shares of the investment management company’s stock, valued at approximately $3,220,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. boosted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 274.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after purchasing an additional 491,725 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $13,024,000. Stifel Financial Corp purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $4,542,000. Landscape Capital Management L.L.C. grew its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 598.2% in the third quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock worth $2,934,000 after acquiring an additional 59,560 shares during the last quarter. Finally, Delphi Financial Group Inc. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at $2,648,000.

ClearBridge Energy Midstream Opportunity Fund Trading Up 1.5 %

Shares of ClearBridge Energy Midstream Opportunity Fund stock opened at $45.90 on Thursday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $33.71 and a 1 year high of $50.73. The firm’s 50-day moving average is $46.42 and its 200 day moving average is $42.90.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend is Friday, January 24th.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 8,467 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $43.69, for a total transaction of $369,923.23. Following the transaction, the insider now directly owns 51,019 shares of the company’s stock, valued at $2,229,020.11. This represents a 14.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 28,843 shares of company stock valued at $1,276,869 over the last 90 days.

ClearBridge Energy Midstream Opportunity Fund Profile

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