ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Insider Sells $101,702.36 in Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) insider Franklin Resources Inc sold 2,209 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $46.04, for a total transaction of $101,702.36. Following the completion of the sale, the insider now directly owns 28,000 shares of the company’s stock, valued at approximately $1,289,120. This trade represents a 7.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, December 10th, Franklin Resources Inc sold 2,610 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $47.43, for a total transaction of $123,792.30.
• On Friday, October 18th, Franklin Resources Inc sold 7,900 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was sold at an average price of $43.71, for a total value of $345,309.00.
• On Wednesday, October 16th, Franklin Resources Inc sold 8,467 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.69, for a total value of $369,923.23.
• On Monday, October 14th, Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was sold at an average price of $43.90, for a total value of $336,142.30.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of NYSE EMO opened at $45.00 on Friday. ClearBridge Energy Midstream Opportunity Fund Inc has a one year low of $33.02 and a one year high of $50.73. The business has a fifty day simple moving average of $46.28 and a 200 day simple moving average of $42.79.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a $0.33 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend is Monday, December 23rd.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at approximately $3,220,000. Hobbs Group Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at $68,000. Sunbelt Securities Inc. acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the third quarter worth $218,000. M&T Bank Corp bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at $798,000. Finally, MML Investors Services LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $579,000.

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.