EP Wealth Advisors LLC Purchases New Position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

EP Wealth Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 308,630 shares of the investment management company’s stock, valued at approximately $13,024,000.

A number of other hedge funds have also recently modified their holdings of EMO. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ClearBridge Energy Midstream Opportunity Fund by 60.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after purchasing an additional 7,954 shares during the last quarter. Edgemoor Investment Advisors Inc. purchased a new position in ClearBridge Energy Midstream Opportunity Fund during the 2nd quarter worth approximately $1,861,000. Sanctuary Advisors LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund during the second quarter worth approximately $1,670,000. LexAurum Advisors LLC purchased a new stake in ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $268,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the third quarter valued at approximately $31,000.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

Shares of EMO opened at $49.06 on Friday. The company’s 50 day simple moving average is $45.60 and its 200-day simple moving average is $42.51. ClearBridge Energy Midstream Opportunity Fund Inc has a 12-month low of $32.21 and a 12-month high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.33 dividend. The ex-dividend date is Monday, December 23rd. This represents a $3.96 dividend on an annualized basis and a dividend yield of 8.07%.

Insider Transactions at ClearBridge Energy Midstream Opportunity Fund

In other news, insider Franklin Resources Inc sold 7,657 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $43.90, for a total transaction of $336,142.30. Following the completion of the sale, the insider now owns 65,862 shares in the company, valued at $2,891,341.80. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 24,024 shares of company stock worth $1,051,375.

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.