Clearbridge MLP and Midstream Fund Inc (NYSE:CEM) Insider Harry D. Cohen Sells 7,234 Shares

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Clearbridge MLP and Midstream Fund Inc (NYSE:CEM) insider Harry D. Cohen sold 7,234 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $9.91, for a total transaction of $71,688.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Harry D. Cohen also recently made the following trade(s):

  • On Monday, October 28th, Harry D. Cohen sold 1,738 shares of Clearbridge MLP and Midstream Fund stock. The shares were sold at an average price of $10.70, for a total transaction of $18,596.60.

Shares of NYSE CEM opened at $9.91 on Tuesday. Clearbridge MLP and Midstream Fund Inc has a 1 year low of $9.60 and a 1 year high of $12.96. The firm’s 50-day moving average is $10.49 and its 200-day moving average is $11.42.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 11.91%. The ex-dividend date of this dividend was Thursday, November 21st.

Hedge funds and other institutional investors have recently modified their holdings of the company. Coastal Investment Advisors Inc. bought a new position in shares of Clearbridge MLP and Midstream Fund in the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC bought a new position in shares of Clearbridge MLP and Midstream Fund in the 2nd quarter valued at about $51,000. Ausdal Financial Partners Inc. bought a new position in shares of Clearbridge MLP and Midstream Fund in the 3rd quarter valued at about $128,000. Brookstone Capital Management bought a new position in shares of Clearbridge MLP and Midstream Fund in the 2nd quarter valued at about $153,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Clearbridge MLP and Midstream Fund by 6.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,725 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 900 shares during the last quarter.

Clearbridge MLP and Midstream Fund Company Profile

ClearBridge Energy MLP 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 Advisors, 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.

Further Reading: What is a trade deficit?

Insider Buying and Selling by Quarter for Clearbridge MLP and Midstream Fund (NYSE:CEM)

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