Sunbelt Securities Inc. Purchases New Shares in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Sunbelt Securities Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,163 shares of the investment management company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $798,000. MML Investors Services LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth about $579,000. EP Wealth Advisors LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth about $13,024,000. Stifel Financial Corp bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $4,542,000. Finally, Integrated Wealth Concepts LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $325,000.

ClearBridge Energy Midstream Opportunity Fund Trading Down 0.5 %

Shares of EMO stock opened at $46.93 on Friday. The company has a 50 day moving average price of $46.12 and a 200-day moving average price of $42.70. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $32.96 and a 52 week high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.33 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Monday, December 23rd.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 7,657 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $43.90, for a total transaction of $336,142.30. Following the completion of the sale, the insider now owns 65,862 shares of the company’s stock, valued at $2,891,341.80. This represents a 10.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 26,634 shares of company stock worth $1,175,167.

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.