ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.08 and traded as high as $49.54. ClearBridge Energy Midstream Opportunity Fund shares last traded at $49.43, with a volume of 71,635 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Stock Down 1.2%

The stock has a fifty day simple moving average of $50.13 and a 200-day simple moving average of $49.13.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.36 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at $26,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $45,000. First Community Trust NA bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $69,000. Kestra Advisory Services LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter worth about $119,000. Finally, Private Advisor Group LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the first quarter valued at about $223,000.

ClearBridge Energy Midstream Opportunity Fund Company 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.