Oxbow Advisors LLC Invests $2.19 Million in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Oxbow Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 51,805 shares of the investment management company’s stock, valued at approximately $2,186,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth about $31,000. Bogart Wealth LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $37,000. Eagle Bay Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $161,000. LexAurum Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $268,000. Finally, Chicago Partners Investment Group LLC lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 75.0% in the third quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock valued at $454,000 after buying an additional 4,407 shares during the last quarter.

Insider Activity

In related news, insider Franklin Resources Inc sold 8,467 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total value of $369,923.23. Following the transaction, the insider now owns 51,019 shares in the company, valued at approximately $2,229,020.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 24,024 shares of company stock valued at $1,051,375 over the last ninety days.

ClearBridge Energy Midstream Opportunity Fund Stock Down 0.4 %

EMO traded down $0.17 during trading hours on Friday, reaching $46.20. The company’s stock had a trading volume of 25,423 shares, compared to its average volume of 30,638. The company’s 50-day moving average is $42.57 and its 200-day moving average is $41.57. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $31.39 and a 52 week high of $46.64.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be given a $0.33 dividend. This represents a $3.96 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend is Thursday, November 21st.

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.