Janney Montgomery Scott LLC cut its stake in Clearbridge MLP and Midstream Fund Inc (NYSE:CEM) by 18.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,347 shares of the investment management company’s stock after selling 4,480 shares during the period. Janney Montgomery Scott LLC’s holdings in Clearbridge MLP and Midstream Fund were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CEM. UBS Group AG lifted its holdings in Clearbridge MLP and Midstream Fund by 71.1% in the fourth quarter. UBS Group AG now owns 1,128,936 shares of the investment management company’s stock worth $12,712,000 after buying an additional 468,991 shares during the period. Allen Investment Management LLC lifted its holdings in Clearbridge MLP and Midstream Fund by 58.7% in the fourth quarter. Allen Investment Management LLC now owns 952,737 shares of the investment management company’s stock worth $10,728,000 after buying an additional 352,246 shares during the period. Mariner Investment Group LLC purchased a new stake in Clearbridge MLP and Midstream Fund in the fourth quarter worth about $1,141,000. Marks Group Wealth Management Inc purchased a new stake in Clearbridge MLP and Midstream Fund in the fourth quarter worth about $1,012,000. Finally, 6 Meridian purchased a new stake in Clearbridge MLP and Midstream Fund in the first quarter worth about $155,000.

Shares of CEM opened at $3.61 on Friday. Clearbridge MLP and Midstream Fund Inc has a one year low of $0.75 and a one year high of $12.56. The company has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $7.81.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.095 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.38 annualized dividend and a yield of 10.53%.

Clearbridge MLP and Midstream Fund Company Profile

ClearBridge Energy MLP 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 Advisors, 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.

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Institutional Ownership by Quarter for Clearbridge MLP and Midstream Fund (NYSE:CEM)

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