Private Trust Co. NA Acquires New Stake in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Private Trust Co. NA bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,506 shares of the investment management company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 274.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 670,952 shares of the investment management company’s stock worth $28,314,000 after buying an additional 491,725 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in ClearBridge Energy Midstream Opportunity Fund by 598.2% in the third quarter. Landscape Capital Management L.L.C. now owns 69,516 shares of the investment management company’s stock worth $2,934,000 after acquiring an additional 59,560 shares in the last quarter. Delphi Financial Group Inc. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $2,648,000. Oxbow Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $2,186,000. Finally, Tradewinds LLC. bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $2,047,000.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of NYSE:EMO opened at $49.80 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1-year low of $32.21 and a 1-year high of $49.92. The company has a 50 day moving average price of $44.56 and a 200 day moving average price of $42.20.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.33 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Monday, December 23rd.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $43.90, for a total value of $336,142.30. Following the transaction, the insider now directly owns 65,862 shares of the company’s stock, valued at $2,891,341.80. This trade represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 24,024 shares of company stock valued at $1,051,375 over the last three months.

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.