ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Breaks Above 200-Day Moving Average – Here’s Why

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $51.46 and traded as high as $51.98. ClearBridge Energy Midstream Opportunity Fund shares last traded at $51.3160, with a volume of 40,579 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The business has a fifty day moving average of $53.06 and a 200-day moving average of $51.44.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a dividend of $0.41 per share. This represents a $4.92 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter valued at $14,903,000. Royal Bank of Canada lifted 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 worth $14,284,000 after buying an additional 2,281 shares during the last quarter. Bank of America Corp DE bought a new position in ClearBridge Energy Midstream Opportunity Fund during the second quarter valued at approximately $9,772,000. Oxbow Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the second quarter valued at approximately $2,930,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 3.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 39,767 shares of the investment management company’s stock worth $1,776,000 after acquiring an additional 1,429 shares in the last quarter.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy Midstream Opportunity Fund, Inc is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol EMO. The fund is designed to provide investors with exposure to the energy infrastructure sector through investments in companies involved in the transportation, storage, processing and gathering of energy commodities.

The fund primarily invests in midstream energy businesses, including master limited partnerships and other publicly traded entities that own or operate pipelines, terminals, storage facilities, natural gas processing assets and related infrastructure.