ClearBridge Energy Midstream Opportunity Fund Inc $EMO Shares Purchased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its stake in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 36.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 73,906 shares of the investment management company’s stock after acquiring an additional 19,899 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $3,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Community Trust NA acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at $69,000. Eagle Bay Advisors LLC purchased a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter valued at $189,000. Concurrent Investment Advisors LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $205,000. Merit Financial Group LLC acquired a new stake in ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth $221,000. Finally, Captrust Financial Advisors lifted its position in ClearBridge Energy Midstream Opportunity Fund by 9.6% in the second quarter. Captrust Financial Advisors now owns 5,510 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 483 shares during the last quarter.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

NYSE EMO opened at $49.57 on Friday. The company has a fifty day moving average of $50.97 and a two-hundred day moving average of $48.40. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $41.54 and a 1 year high of $54.90.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.36 dividend. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, August 24th.

ClearBridge Energy Midstream Opportunity Fund Profile

ClearBridge Energy Midstream Opportunity Fund (NYSE: EMO) is a closed-end management investment company that seeks to provide a combination of current distribution income and capital appreciation. The fund primarily targets equities and equity-related securities of companies in the energy midstream sector, including entities involved in the gathering, processing, transportation and storage of natural gas, crude oil and natural gas liquids.

EMO’s portfolio typically includes common stocks, convertible securities and interests in master limited partnerships (MLPs) and other energy infrastructure partnerships.