ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.69 and traded as high as $50.74. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.42, with a volume of 42,036 shares.

ClearBridge Energy Midstream Opportunity Fund Trading Up 0.0 %

The business’s fifty day moving average is $47.71 and its two-hundred day moving average is $43.76.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 7.74%.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 2,209 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $46.04, for a total value of $101,702.36. Following the completion of the sale, the insider now directly owns 28,000 shares of the company’s stock, valued at $1,289,120. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Large investors have recently modified their holdings of the business. Gilliland Jeter Wealth Management LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $31,000. Bogart Wealth LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $37,000. Hobbs Group Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth approximately $68,000. Activest Wealth Management bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth approximately $95,000. Finally, Eagle Bay Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $161,000.

About ClearBridge Energy Midstream Opportunity Fund

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.