ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Stock Breaks Below 50 Day Moving Average – Time to Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $52.69 and traded as low as $52.13. ClearBridge Energy Midstream Opportunity Fund shares last traded at $52.3790, with a volume of 31,703 shares changing hands.

ClearBridge Energy Midstream Opportunity Fund Price Performance

The firm’s fifty day moving average price is $52.69 and its 200 day moving average price is $51.20.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 1st quarter valued at $26,000. Allworth Financial LP bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth $30,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth $197,000. MGO One Seven LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $201,000. Finally, Arlington Capital Management Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth $205,000.

ClearBridge Energy Midstream Opportunity Fund Company Profile

(Get Free Report)

ClearBridge Energy Midstream Opportunity Fund, Inc is a non-diversified, closed-end investment company listed on the New York Stock Exchange under the symbol EMO. The fund seeks to provide investors with current income and total return by investing primarily in companies involved in the energy midstream sector.

Its portfolio generally focuses on master limited partnerships, limited liability companies and corporations that own or operate energy infrastructure. These businesses may be involved in gathering, processing, transporting, storing and marketing crude oil, natural gas, natural gas liquids and other energy commodities.

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