Salient Midstream & MLP Fund (NYSE:SMM) shares reached a new 52-week low on Thursday . The stock traded as low as $8.02 and last traded at $8.14, with a volume of 1615 shares traded. The stock had previously closed at $8.45.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were issued a $0.171 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.68 annualized dividend and a dividend yield of 8.34%.

Several institutional investors have recently added to or reduced their stakes in SMM. Private Advisor Group LLC bought a new position in shares of Salient Midstream & MLP Fund in the second quarter worth $266,000. Zazove Associates LLC bought a new position in shares of Salient Midstream & MLP Fund in the second quarter worth $177,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Salient Midstream & MLP Fund in the second quarter worth $631,000. Raymond James & Associates increased its holdings in shares of Salient Midstream & MLP Fund by 27.6% in the second quarter. Raymond James & Associates now owns 34,381 shares of the investment management company’s stock worth $342,000 after purchasing an additional 7,447 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Salient Midstream & MLP Fund in the second quarter worth $983,000.

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About Salient Midstream & MLP Fund (NYSE:SMM)

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