ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Pass Above 200-Day Moving Average – Time to Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.81 and traded as high as $52.93. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.6250, with a volume of 60,480 shares traded.

ClearBridge Energy Midstream Opportunity Fund Trading Down 0.1%

The stock has a fifty day moving average price of $50.45 and a 200-day moving average price of $49.83.

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. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 8.2%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in ClearBridge Energy Midstream Opportunity Fund by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 9,204 shares of the investment management company’s stock worth $442,000 after acquiring an additional 761 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 9.0% during the second quarter. JPMorgan Chase & Co. now owns 11,934 shares of the investment management company’s stock valued at $572,000 after purchasing an additional 990 shares during the period. Invesco Ltd. lifted its position in shares of ClearBridge Energy Midstream Opportunity Fund by 9.0% during the second quarter. Invesco Ltd. now owns 58,066 shares of the investment management company’s stock worth $2,785,000 after purchasing an additional 4,778 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 1.5% in the second quarter. First Trust Advisors LP now owns 17,854 shares of the investment management company’s stock valued at $856,000 after purchasing an additional 269 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of ClearBridge Energy Midstream Opportunity Fund by 1.7% in the second quarter. Raymond James Financial Inc. now owns 650,976 shares of the investment management company’s stock valued at $31,227,000 after purchasing an additional 11,188 shares during the period.

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.