ClearBridge MLP and Midstream Fund (NYSE:CEM) Stock Price Passes Above 200-Day Moving Average of $43.73

Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.73 and traded as high as $47.55. ClearBridge MLP and Midstream Fund shares last traded at $46.89, with a volume of 16,397 shares trading hands.

ClearBridge MLP and Midstream Fund Price Performance

The company’s 50 day moving average is $46.83 and its 200 day moving average is $43.73.

ClearBridge MLP and Midstream Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.57%.

Institutional Investors Weigh In On ClearBridge MLP and Midstream Fund

Several institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its position in ClearBridge MLP and Midstream Fund by 66.0% during the third quarter. Advisors Asset Management Inc. now owns 197,835 shares of the investment management company’s stock worth $6,970,000 after purchasing an additional 78,667 shares during the period. Alpine Global Management LLC acquired a new position in shares of ClearBridge MLP and Midstream Fund in the 3rd quarter valued at approximately $1,170,000. Delphi Financial Group Inc. bought a new stake in shares of ClearBridge MLP and Midstream Fund during the 4th quarter worth approximately $1,329,000. Blue Bell Private Wealth Management LLC boosted its position in shares of ClearBridge MLP and Midstream Fund by 322.6% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 39,497 shares of the investment management company’s stock worth $1,808,000 after acquiring an additional 30,151 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in ClearBridge MLP and Midstream Fund by 40.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 50,338 shares of the investment management company’s stock valued at $2,018,000 after acquiring an additional 14,600 shares during the last quarter.

About ClearBridge MLP and Midstream Fund

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.