ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.26 and traded as high as $50.17. ClearBridge Energy Midstream Opportunity Fund shares last traded at $49.97, with a volume of 52,165 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The stock’s 50 day moving average is $50.19 and its two-hundred day moving average is $49.30.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.36 dividend. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Monday, August 24th.

Institutional Trading of ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. increased its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 16.2% in the fourth quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock valued at $34,724,000 after purchasing an additional 108,345 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 1.7% during the second quarter. Raymond James Financial Inc. now owns 650,976 shares of the investment management company’s stock worth $31,227,000 after purchasing an additional 11,188 shares during the period. EP Wealth Advisors LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at $13,637,000. Royal Bank of Canada grew its position in ClearBridge Energy Midstream Opportunity Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 270,443 shares of the investment management company’s stock valued at $14,284,000 after buying an additional 2,281 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $7,085,000.

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.