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

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 $51.43 and traded as high as $55.00. ClearBridge Energy Midstream Opportunity Fund shares last traded at $54.67, with a volume of 28,200 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The company has a 50 day simple moving average of $52.66 and a 200 day simple moving average of $51.46.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.41 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 1st quarter worth $26,000. Allworth Financial LP purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $30,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at about $45,000. Kestra Advisory Services LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at approximately $119,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $197,000.

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.