Advisors Asset Management Inc. lessened its holdings in ClearBridge American Energy MLP Fund Inc (NYSE:CBA) by 99.9% during the 2nd quarter, Holdings Channel reports. The firm owned 776 shares of the investment management company’s stock after selling 776,116 shares during the period. Advisors Asset Management Inc.’s holdings in ClearBridge American Energy MLP Fund were worth $3,865,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in shares of ClearBridge American Energy MLP Fund in the 2nd quarter valued at $434,000. First Republic Investment Management Inc. acquired a new position in shares of ClearBridge American Energy MLP Fund in the 2nd quarter valued at $293,000. Raymond James & Associates lifted its stake in shares of ClearBridge American Energy MLP Fund by 8.8% in the 2nd quarter. Raymond James & Associates now owns 88,221 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 7,144 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ClearBridge American Energy MLP Fund in the 2nd quarter valued at $105,000. Finally, Rock Point Advisors LLC lifted its stake in shares of ClearBridge American Energy MLP Fund by 31.5% in the 2nd quarter. Rock Point Advisors LLC now owns 1,217,995 shares of the investment management company’s stock valued at $9,196,000 after purchasing an additional 292,075 shares during the last quarter. 24.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of ClearBridge American Energy MLP Fund stock opened at $7.95 on Monday. ClearBridge American Energy MLP Fund Inc has a 52 week low of $6.53 and a 52 week high of $9.58.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 24th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.06%. The ex-dividend date of this dividend was Thursday, August 23rd.

ClearBridge American Energy MLP Fund Company Profile

ClearBridge American Energy MLP Fund Inc is a closed-ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.

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Institutional Ownership by Quarter for ClearBridge American Energy MLP Fund (NYSE:CBA)

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