Janney Montgomery Scott LLC Makes New $220,000 Investment in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Janney Montgomery Scott LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,728 shares of the investment management company’s stock, valued at approximately $220,000.

A number of other hedge funds have also made changes to their positions in EMO. Gilliland Jeter Wealth Management LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $31,000. Bogart Wealth LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $37,000. Hobbs Group Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $68,000. Activest Wealth Management acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $95,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of ClearBridge Energy Midstream Opportunity Fund during the 3rd quarter valued at about $161,000.

Insider Activity at ClearBridge Energy Midstream Opportunity Fund

In related news, insider Franklin Resources Inc sold 2,610 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $47.43, for a total transaction of $123,792.30. Following the completion of the sale, the insider now owns 32,909 shares in the company, valued at $1,560,873.87. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ClearBridge Energy Midstream Opportunity Fund Price Performance

Shares of NYSE EMO opened at $48.41 on Thursday. The business’s 50-day simple moving average is $48.01 and its 200-day simple moving average is $44.72. ClearBridge Energy Midstream Opportunity Fund Inc has a 52 week low of $35.38 and a 52 week high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Monday, January 27th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, January 24th. This represents a yield of 7.75%.

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.