Proficio Capital Partners LLC Invests $6.50 Million in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Proficio Capital Partners LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 139,760 shares of the investment management company’s stock, valued at approximately $6,504,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 274.4% during the third quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after acquiring an additional 491,725 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $13,024,000. Stifel Financial Corp purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth about $4,542,000. Franklin Resources Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth about $3,220,000. Finally, Landscape Capital Management L.L.C. grew its holdings in ClearBridge Energy Midstream Opportunity Fund by 598.2% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock valued at $2,934,000 after buying an additional 59,560 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of ClearBridge Energy Midstream Opportunity Fund stock opened at $49.05 on Tuesday. The company’s 50-day moving average price is $48.71 and its 200-day moving average price is $45.67. ClearBridge Energy Midstream Opportunity Fund Inc has a 12-month low of $36.71 and a 12-month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a $0.36 dividend. This is an increase from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date of this dividend is Monday, March 24th.

Insider Activity

In other news, insider Franklin Resources Inc sold 2,209 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $46.04, for a total transaction of $101,702.36. Following the completion of the sale, the insider now owns 28,000 shares in the company, valued at approximately $1,289,120. This trade represents a 7.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

About ClearBridge Energy Midstream Opportunity Fund

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.