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

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.50 and traded as high as $51.29. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.5490, with a volume of 37,076 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The business has a 50-day moving average of $50.26 and a 200 day moving average of $49.55.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.36 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the first quarter worth approximately $26,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $45,000. First Community Trust NA purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $69,000. Kestra Advisory Services LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $119,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $189,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.