ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $51.61 and traded as high as $54.33. ClearBridge Energy Midstream Opportunity Fund shares last traded at $53.77, with a volume of 18,620 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The company has a 50-day simple moving average of $53.34 and a 200-day simple moving average of $51.62.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.41 dividend. The ex-dividend date is Friday, November 20th. This represents a c) annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors and hedge funds have recently bought and sold shares of EMO. EP Wealth Advisors LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $14,903,000. Bank of America Corp DE bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $9,772,000. Sit Investment Associates Inc. lifted its holdings in ClearBridge Energy Midstream Opportunity Fund by 16.2% during the 4th quarter. Sit Investment Associates Inc. now owns 777,688 shares of the investment management company’s stock worth $34,724,000 after buying an additional 108,345 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth approximately $2,930,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of ClearBridge Energy Midstream Opportunity Fund by 845.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 48,981 shares of the investment management company’s stock worth $2,187,000 after acquiring an additional 43,800 shares in the last quarter.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE: EMO) is a closed-end investment fund that seeks to provide investors with total return through current income and capital appreciation. The fund focuses primarily on the energy midstream sector, which includes businesses involved in the gathering, processing, transportation, storage and terminal operations associated with oil, natural gas and natural gas liquids.

EMO invests in publicly traded master limited partnerships, corporations and other entities that own or operate energy infrastructure.