ClearBridge MLP and Midstream Fund (NYSE:CEM) Share Price Crosses Above Two Hundred Day Moving Average of $43.73

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.73 and traded as high as $47.55. ClearBridge MLP and Midstream Fund shares last traded at $46.89, with a volume of 16,397 shares changing hands.

ClearBridge MLP and Midstream Fund Trading Up 1.6 %

The business has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $43.82.

ClearBridge MLP and Midstream Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.77 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.55%.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Fund

Hedge funds have recently made changes to their positions in the company. Robinson Capital Management LLC acquired a new stake in shares of ClearBridge MLP and Midstream Fund in the fourth quarter valued at approximately $63,000. Laidlaw Wealth Management LLC acquired a new stake in shares of ClearBridge MLP and Midstream Fund in the fourth quarter valued at approximately $204,000. Janney Montgomery Scott LLC acquired a new stake in shares of ClearBridge MLP and Midstream Fund in the first quarter valued at approximately $269,000. HighTower Advisors LLC increased its holdings in shares of ClearBridge MLP and Midstream Fund by 20.4% in the third quarter. HighTower Advisors LLC now owns 7,980 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Bulldog Investors LLP acquired a new stake in shares of ClearBridge MLP and Midstream Fund in the fourth quarter valued at approximately $329,000.

ClearBridge MLP and Midstream Fund Company Profile

ClearBridge Energy MLP 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 Advisors, 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.