Advisors Asset Management Inc. Has $27.93 Million Stock Position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Advisors Asset Management Inc. reduced its position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 600,178 shares of the investment management company’s stock after selling 70,774 shares during the period. ClearBridge Energy Midstream Opportunity Fund accounts for approximately 0.5% of Advisors Asset Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Advisors Asset Management Inc.’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $27,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $68,000. Activest Wealth Management bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $95,000. Noble Wealth Management PBC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $157,000. Stephens Inc. AR bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $204,000. Finally, Peregrine Asset Advisers Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $217,000.

ClearBridge Energy Midstream Opportunity Fund Trading Up 2.8 %

EMO stock opened at $49.25 on Tuesday. The business’s 50-day moving average price is $48.96 and its two-hundred day moving average price is $46.19. ClearBridge Energy Midstream Opportunity Fund Inc has a 1-year low of $36.71 and a 1-year high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

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

Insiders Place Their Bets

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 9,704 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $47.06, for a total value of $456,670.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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.