ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.09 and traded as high as $47.16. ClearBridge Energy Midstream Opportunity Fund shares last traded at $46.75, with a volume of 93,654 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The firm has a 50 day simple moving average of $46.73 and a two-hundred day simple moving average of $43.09.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date is Friday, January 24th.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 8,467 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23. Following the transaction, the insider now owns 51,019 shares in the company, valued at $2,229,020.11. This trade represents a 14.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake 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 buying an additional 491,725 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $13,024,000. Stifel Financial Corp acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $4,542,000. Franklin Resources Inc. bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $3,220,000. Finally, Delphi Financial Group Inc. acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $2,648,000.

ClearBridge Energy Midstream Opportunity Fund Company 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.