ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) by 85.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,905 shares of the investment management company’s stock after selling 51,848 shares during the period. Commonwealth Equity Services LLC’s holdings in ClearBridge MLP and Midstream Fund were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CEM. Mather Group LLC. acquired a new stake in shares of ClearBridge MLP and Midstream Fund in the 2nd quarter worth $98,000. Hobbs Group Advisors LLC purchased a new position in shares of ClearBridge MLP and Midstream Fund in the second quarter valued at $127,000. Laidlaw Wealth Management LLC purchased a new stake in shares of ClearBridge MLP and Midstream Fund in the fourth quarter valued at about $204,000. Janney Montgomery Scott LLC purchased a new position in ClearBridge MLP and Midstream Fund during the first quarter worth $269,000. Finally, Bulldog Investors LLP purchased a new position in ClearBridge MLP and Midstream Fund during the fourth quarter worth $329,000.

ClearBridge MLP and Midstream Fund Stock Performance

Shares of NYSE:CEM opened at $44.64 on Friday. The stock’s fifty day simple moving average is $44.40 and its 200-day simple moving average is $45.44. ClearBridge MLP and Midstream Fund Inc has a 52-week low of $33.11 and a 52-week high of $48.61.

ClearBridge MLP and Midstream Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Wednesday, August 14th.

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.