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

Advisors Asset Management Inc. lowered its stake in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 10.5% during the fourth quarter, Holdings Channel.com reports. The fund 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 holdings, making the stock its 23rd largest holding. Advisors Asset Management Inc.’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $27,932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $29,885,000. EP Wealth Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $13,024,000. Proficio Capital Partners LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth approximately $6,504,000. Stifel Financial Corp acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth approximately $4,542,000. Finally, Steward Partners Investment Advisory LLC increased its position in ClearBridge Energy Midstream Opportunity Fund by 2.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 106,201 shares of the investment management company’s stock worth $4,943,000 after buying an additional 2,923 shares during the last quarter.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 9,704 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $47.06, for a total transaction of $456,670.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE EMO 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 twelve month low of $36.71 and a twelve month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

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

ClearBridge Energy Midstream Opportunity Fund 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.