Arete Wealth Advisors LLC Buys 4,842 Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Arete Wealth Advisors LLC lifted its position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 59.9% during the 4th quarter, HoldingsChannel reports. The firm owned 12,925 shares of the investment management company’s stock after acquiring an additional 4,842 shares during the quarter. Arete Wealth Advisors LLC’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $602,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at approximately $29,885,000. EP Wealth Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at $13,024,000. Proficio Capital Partners LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund during the fourth quarter valued at $6,504,000. Stifel Financial Corp bought a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at $4,542,000. Finally, Franklin Resources Inc. purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $3,220,000.

Insider Activity

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 9,704 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $47.06, for a total transaction of $456,670.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

ClearBridge Energy Midstream Opportunity Fund stock opened at $44.31 on Friday. The company’s 50-day moving average price is $48.97 and its 200-day moving average price is $46.98. ClearBridge Energy Midstream Opportunity Fund Inc has a twelve month low of $36.71 and a twelve month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 8.69%.

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.