ClearBridge MLP and Midstream Fund (NYSE:CEM) Stock Passes Above 200-Day Moving Average of $43.27

ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.27 and traded as high as $46.36. ClearBridge MLP and Midstream Fund shares last traded at $46.31, with a volume of 29,371 shares traded.

ClearBridge MLP and Midstream Fund Stock Up 2.9 %

The company has a fifty day moving average price of $46.61 and a 200-day moving average price of $43.31.

ClearBridge MLP and Midstream Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were issued a $0.77 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $3.08 annualized dividend and a dividend yield of 6.65%.

Hedge Funds Weigh In On ClearBridge MLP and Midstream Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Saba Capital Management L.P. grew its position in shares of ClearBridge MLP and Midstream Fund by 17.4% in the third quarter. Saba Capital Management L.P. now owns 1,680,057 shares of the investment management company’s stock valued at $59,188,000 after purchasing an additional 248,594 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in ClearBridge MLP and Midstream Fund by 66.0% in the third quarter. Advisors Asset Management Inc. now owns 197,835 shares of the investment management company’s stock valued at $6,970,000 after acquiring an additional 78,667 shares during the last quarter. Alpine Global Management LLC acquired a new position in ClearBridge MLP and Midstream Fund during the third quarter worth $1,170,000. Delphi Financial Group Inc. acquired a new position in ClearBridge MLP and Midstream Fund during the fourth quarter worth $1,329,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in ClearBridge MLP and Midstream Fund by 322.6% during the first quarter. Blue Bell Private Wealth Management LLC now owns 39,497 shares of the investment management company’s stock worth $1,808,000 after purchasing an additional 30,151 shares in the last quarter.

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.