ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stake Boosted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 423.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,343 shares of the investment management company’s stock after purchasing an additional 31,831 shares during the quarter. Kingsview Wealth Management LLC’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $1,660,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMO. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 valued at $867,000 after acquiring an additional 7,954 shares during the period. Chicago Partners Investment Group LLC grew its position in 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 in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $633,000. Edgemoor Investment Advisors Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the second quarter valued at $1,861,000. Finally, Bogart Wealth LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter worth $37,000.

ClearBridge Energy Midstream Opportunity Fund Trading Down 2.0 %

Shares of EMO stock opened at $48.81 on Tuesday. ClearBridge Energy Midstream Opportunity Fund Inc has a 1-year low of $32.21 and a 1-year high of $49.90. The stock’s fifty day simple moving average is $44.27 and its 200-day simple moving average is $42.10.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.11%.

Insider Activity

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 8,467 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23. Following the completion of the sale, the insider now owns 51,019 shares of the company’s stock, valued at $2,229,020.11. This trade represents a 14.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 24,024 shares of company stock worth $1,051,375 in the last 90 days.

ClearBridge Energy Midstream Opportunity Fund 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.