D.A. Davidson & CO. Grows Stake in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

D.A. Davidson & CO. lifted its stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) by 72.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,693 shares of the investment management company’s stock after purchasing an additional 6,583 shares during the period. D.A. Davidson & CO.’s holdings in ClearBridge Energy Midstream Opportunity Fund were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $68,000. Activest Wealth Management purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $95,000. Stephens Inc. AR purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $204,000. Sunbelt Securities Inc. purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the third quarter worth about $218,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the fourth quarter worth about $220,000.

Insider Buying and Selling

In related news, insider Franklin Resources Inc sold 2,209 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $46.04, for a total transaction of $101,702.36. Following the completion of the transaction, the insider now owns 28,000 shares of the company’s stock, valued at approximately $1,289,120. This trade represents a 7.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ClearBridge Energy Midstream Opportunity Fund Stock Performance

EMO opened at $48.67 on Tuesday. ClearBridge Energy Midstream Opportunity Fund Inc has a twelve month low of $36.71 and a twelve month high of $51.87. The firm’s 50-day moving average price is $48.34 and its 200 day moving average price is $45.34.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a $0.36 dividend. This is a boost from ClearBridge Energy Midstream Opportunity Fund’s previous dividend of $0.33. The ex-dividend date is Monday, March 24th.

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.