Wolverine Asset Management LLC Lowers Position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Wolverine Asset Management LLC decreased its stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,481 shares of the investment management company’s stock after selling 2,087 shares during the period. Wolverine Asset Management LLC’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $1,372,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EMO. HighTower Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $1,030,000. Janney Montgomery Scott LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter valued at about $220,000. JPMorgan Chase & Co. increased its stake in ClearBridge Energy Midstream Opportunity Fund by 512.6% during the third quarter. JPMorgan Chase & Co. now owns 12,705 shares of the investment management company’s stock worth $536,000 after acquiring an additional 10,631 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at about $204,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 75.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock worth $454,000 after purchasing an additional 4,407 shares during the period.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO opened at $49.19 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $36.70 and a 1 year high of $51.87. The firm has a 50 day moving average price of $48.29 and a 200 day moving average price of $45.19.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 22nd will be given a $0.36 dividend. This represents a $4.32 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend is Thursday, May 22nd.

Insider Activity

In other news, insider Franklin Resources Inc sold 2,209 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.