Noble Wealth Management PBC Takes $157,000 Position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Noble Wealth Management PBC purchased a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,370 shares of the investment management company’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth about $1,030,000. Janney Montgomery Scott LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter worth approximately $220,000. JPMorgan Chase & Co. raised its position in ClearBridge Energy Midstream Opportunity Fund by 512.6% during the third quarter. JPMorgan Chase & Co. now owns 12,705 shares of the investment management company’s stock valued at $536,000 after acquiring an additional 10,631 shares in the last quarter. Stephens Inc. AR acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at approximately $204,000. Finally, Chicago Partners Investment Group LLC lifted its stake in ClearBridge Energy Midstream Opportunity Fund by 75.0% in the third quarter. Chicago Partners Investment Group LLC now owns 10,283 shares of the investment management company’s stock valued at $454,000 after acquiring an additional 4,407 shares during the last quarter.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of EMO opened at $49.16 on Friday. The company’s fifty day moving average is $48.63 and its 200-day moving average is $45.55. ClearBridge Energy Midstream Opportunity Fund Inc has a 12 month low of $36.71 and a 12 month high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.36 per share. This is an increase from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date of this dividend is Monday, March 24th.

Insider Buying and Selling at ClearBridge Energy Midstream Opportunity Fund

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 2,610 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $47.43, for a total transaction of $123,792.30. Following the transaction, the insider now owns 32,909 shares in the company, valued at $1,560,873.87. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ClearBridge Energy Midstream Opportunity Fund Profile

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.