ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Share Price Passes Above 200-Day Moving Average – Here’s Why

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $50.12 and traded as high as $53.23. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.8850, with a volume of 16,522 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The firm has a 50 day moving average of $50.62 and a 200-day moving average of $50.12.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.36 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in ClearBridge Energy Midstream Opportunity Fund by 2.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,765 shares of the investment management company’s stock worth $516,000 after buying an additional 218 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 10,046 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 262 shares in the last quarter. First Trust Advisors LP increased its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 1.5% in the second quarter. First Trust Advisors LP now owns 17,854 shares of the investment management company’s stock worth $856,000 after acquiring an additional 269 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 8.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,320 shares of the investment management company’s stock worth $216,000 after acquiring an additional 328 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 7.3% during the first quarter. Janney Montgomery Scott LLC now owns 5,508 shares of the investment management company’s stock worth $291,000 after acquiring an additional 375 shares in the last quarter.

About ClearBridge Energy Midstream Opportunity Fund

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.