Franklin Resources Inc Sells 8,467 Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) insider Franklin Resources Inc sold 8,467 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $43.69, for a total transaction of $369,923.23. Following the sale, the insider now directly owns 51,019 shares in the company, valued at $2,229,020.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Franklin Resources Inc also recently made the following trade(s):

• On Friday, October 18th, Franklin Resources Inc sold 7,900 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.71, for a total transaction of $345,309.00.
• On Monday, October 14th, Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.90, for a total transaction of $336,142.30.

ClearBridge Energy Midstream Opportunity Fund Price Performance

NYSE:EMO traded up $0.29 during mid-day trading on Friday, reaching $44.01. 52,407 shares of the company’s stock were exchanged, compared to its average volume of 29,856. ClearBridge Energy Midstream Opportunity Fund Inc has a one year low of $30.71 and a one year high of $44.26. The business’s fifty day simple moving average is $41.30 and its two-hundred day simple moving average is $41.19.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be given a dividend of $0.33 per share. This represents a $3.96 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend is Thursday, November 21st.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds have recently bought and sold shares of EMO. LexAurum Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $268,000. Sanctuary Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $1,670,000. Edgemoor Investment Advisors Inc. acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth about $1,861,000. Wealth Enhancement Advisory Services LLC grew its stake in ClearBridge Energy Midstream Opportunity Fund by 60.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after buying an additional 7,954 shares in the last quarter. Finally, Alpine Global Management LLC grew its stake in ClearBridge Energy Midstream Opportunity Fund by 42.2% during the first quarter. Alpine Global Management LLC now owns 90,000 shares of the investment management company’s stock worth $3,655,000 after buying an additional 26,700 shares in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Company Profile

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.