Franklin Resources Inc Sells 8,467 Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) insider Franklin Resources Inc sold 8,467 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23. Following the transaction, the insider now owns 51,019 shares of the company’s stock, valued at approximately $2,229,020.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Franklin Resources Inc also recently made the following trade(s):

• On Friday, October 18th, Franklin Resources Inc sold 7,900 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.71, for a total transaction of $345,309.00.
• On Monday, October 14th, Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock. The stock was sold at an average price of $43.90, for a total transaction of $336,142.30.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE EMO opened at $44.01 on Friday. The stock has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $41.19. ClearBridge Energy Midstream Opportunity Fund Inc has a 1-year low of $30.71 and a 1-year high of $44.26.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.96 annualized dividend and a dividend yield of 9.00%.

Institutional Investors Weigh In On ClearBridge Energy Midstream Opportunity Fund

Large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in ClearBridge Energy Midstream Opportunity Fund by 60.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after purchasing an additional 7,954 shares during the period. Virtu Financial LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the 4th quarter valued at approximately $206,000. Edgemoor Investment Advisors Inc. bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter worth approximately $1,861,000. Pasadena Private Wealth LLC purchased a new position in ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at approximately $223,000. Finally, LexAurum Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at $268,000.

About ClearBridge Energy Midstream Opportunity Fund

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.