Raymond James Financial Services Advisors Inc. Cuts Stock Position in ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR)

Raymond James Financial Services Advisors Inc. cut its holdings in ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTRFree Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,029 shares of the investment management company’s stock after selling 9,544 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ClearBridge MLP and Midstream Total Return Fund were worth $5,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clough Capital Partners L P grew its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 89.1% in the third quarter. Clough Capital Partners L P now owns 48,775 shares of the investment management company’s stock valued at $1,564,000 after purchasing an additional 22,975 shares in the last quarter. Saba Capital Management L.P. grew its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 15.6% in the third quarter. Saba Capital Management L.P. now owns 1,028,258 shares of the investment management company’s stock valued at $32,976,000 after purchasing an additional 138,434 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 11.4% in the third quarter. Advisors Asset Management Inc. now owns 257,634 shares of the investment management company’s stock valued at $8,262,000 after purchasing an additional 26,463 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 25.0% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 80,118 shares of the investment management company’s stock valued at $2,569,000 after purchasing an additional 16,008 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of ClearBridge MLP and Midstream Total Return Fund by 1,610.2% in the third quarter. Wolverine Asset Management LLC now owns 3,506 shares of the investment management company’s stock valued at $112,000 after purchasing an additional 3,301 shares in the last quarter.

ClearBridge MLP and Midstream Total Return Fund Price Performance

CTR stock opened at $42.18 on Thursday. The firm has a fifty day moving average price of $38.95 and a 200 day moving average price of $35.29. ClearBridge MLP and Midstream Total Return Fund Inc. has a fifty-two week low of $27.47 and a fifty-two week high of $42.29.

ClearBridge MLP and Midstream Total Return Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.80 dividend on an annualized basis and a yield of 6.64%. ClearBridge MLP and Midstream Total Return Fund’s dividend payout ratio is presently 195.59%.

ClearBridge MLP and Midstream Total Return Fund Company Profile

(Free Report)

ClearBridge MLP and Midstream Total Return Fund Inc is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector.

See Also

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Institutional Ownership by Quarter for ClearBridge MLP and Midstream Total Return Fund (NYSE:CTR)

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