US Bancorp DE Boosts Position in ClearBridge Energy MLP Fund Inc (CEM)
US Bancorp DE boosted its stake in shares of ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 50.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,450 shares of the investment management company’s stock after purchasing an additional 33,920 shares during the period. US Bancorp DE’s holdings in ClearBridge Energy MLP Fund were worth $1,549,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of CEM. Oxbow Advisors LLC bought a new position in ClearBridge Energy MLP Fund during the fourth quarter worth about $1,406,000. Murphy Capital Management Inc. bought a new position in ClearBridge Energy MLP Fund during the fourth quarter worth about $211,000. Terril Brothers Inc. boosted its position in ClearBridge Energy MLP Fund by 42.4% during the fourth quarter. Terril Brothers Inc. now owns 1,001,935 shares of the investment management company’s stock worth $15,300,000 after purchasing an additional 298,282 shares during the period. Edge Wealth Management LLC bought a new position in ClearBridge Energy MLP Fund during the fourth quarter worth about $2,126,000. Finally, Creative Planning bought a new position in ClearBridge Energy MLP Fund during the fourth quarter worth about $242,000.
In other ClearBridge Energy MLP Fund news, insider Chris Eades bought 1,830 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $13.71 per share, for a total transaction of $25,089.30. Following the completion of the transaction, the insider now directly owns 6,430 shares of the company’s stock, valued at $88,155.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 16th will be given a dividend of $0.355 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.42 dividend on an annualized basis and a yield of 9.09%.
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ClearBridge Energy MLP Fund Company Profile
ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.
Want to see what other hedge funds are holding CEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ClearBridge Energy MLP Fund Inc (NYSE:CEM).
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