Franklin Resources Inc Sells 2,209 Shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) Stock

ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) insider Franklin Resources Inc sold 2,209 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.04, for a total value of $101,702.36. Following the sale, the insider now directly owns 28,000 shares in the company, valued at approximately $1,289,120. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Franklin Resources Inc also recently made the following trade(s):

• On Tuesday, December 10th, Franklin Resources Inc sold 2,610 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $47.43, for a total transaction of $123,792.30.
• On Friday, October 18th, Franklin Resources Inc sold 7,900 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.71, for a total transaction of $345,309.00.
• On Wednesday, October 16th, Franklin Resources Inc sold 8,467 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.69, for a total transaction of $369,923.23.
• On Monday, October 14th, Franklin Resources Inc sold 7,657 shares of ClearBridge Energy Midstream Opportunity Fund stock. The shares were sold at an average price of $43.90, for a total value of $336,142.30.

ClearBridge Energy Midstream Opportunity Fund Trading Down 0.1 %

EMO stock opened at $44.39 on Friday. The stock’s fifty day moving average is $46.28 and its two-hundred day moving average is $42.79. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $33.02 and a 1 year high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.33 dividend. The ex-dividend date is Monday, December 23rd. This represents a $3.96 annualized dividend and a dividend yield of 8.92%.

Hedge Funds Weigh In On ClearBridge Energy Midstream Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter worth $31,000. Bogart Wealth LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $37,000. Hobbs Group Advisors LLC bought a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter valued at about $68,000. Activest Wealth Management acquired a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter worth about $95,000. Finally, Eagle Bay Advisors LLC bought a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at about $161,000.

About ClearBridge Energy Midstream Opportunity Fund

ClearBridge Energy MLP Opportunity 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 Investments, 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.