ClearBridge Energy Midstream Opportunity Fund (NYSE:EMO) Shares Cross Above 200 Day Moving Average – Should You Sell?

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.50 and traded as high as $51.29. ClearBridge Energy Midstream Opportunity Fund shares last traded at $50.5490, with a volume of 37,076 shares trading hands.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

The firm has a fifty day moving average price of $50.24 and a 200 day moving average price of $49.50.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.36 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Several hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 1st quarter valued at about $26,000. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth $45,000. First Community Trust NA acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $69,000. Kestra Advisory Services LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth $119,000. Finally, Eagle Bay Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the fourth quarter valued at about $189,000.

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.