ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $50.69 and traded as high as $53.19. ClearBridge Energy Midstream Opportunity Fund shares last traded at $53.08, with a volume of 22,726 shares traded.

ClearBridge Energy Midstream Opportunity Fund Stock Up 0.7%

The stock’s fifty day simple moving average is $50.81 and its two-hundred day simple moving average is $50.71.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors 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) dividend on an annualized basis and a yield of 9.2%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in ClearBridge Energy Midstream Opportunity Fund by 9.0% during the second quarter. Cetera Investment Advisers now owns 9,204 shares of the investment management company’s stock worth $442,000 after acquiring an additional 761 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,934 shares of the investment management company’s stock valued at $572,000 after purchasing an additional 990 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 9.0% during the 2nd quarter. Invesco Ltd. now owns 58,066 shares of the investment management company’s stock worth $2,785,000 after purchasing an additional 4,778 shares during the period. First Trust Advisors LP grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 1.5% during the 2nd quarter. First Trust Advisors LP now owns 17,854 shares of the investment management company’s stock worth $856,000 after purchasing an additional 269 shares during the period. Finally, Raymond James Financial Inc. increased its position in ClearBridge Energy Midstream Opportunity Fund by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 650,976 shares of the investment management company’s stock worth $31,227,000 after purchasing an additional 11,188 shares in the last quarter.

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.