Proficio Capital Partners LLC Invests $6.50 Million in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

Proficio Capital Partners LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) in the fourth quarter, Holdings Channel.com reports. The fund acquired 139,760 shares of the investment management company’s stock, valued at approximately $6,504,000.

A number of other institutional investors have also recently made changes to their positions in EMO. Hobbs Group Advisors LLC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $68,000. Activest Wealth Management acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $95,000. Noble Wealth Management PBC acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth $157,000. Stephens Inc. AR acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth $204,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund in the 4th quarter worth $217,000.

Insiders Place Their Bets

In other ClearBridge Energy Midstream Opportunity Fund news, insider Franklin Resources Inc sold 9,704 shares of ClearBridge Energy Midstream Opportunity Fund stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $47.06, for a total transaction of $456,670.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ClearBridge Energy Midstream Opportunity Fund Stock Up 1.5 %

Shares of EMO opened at $47.85 on Monday. The stock has a 50-day moving average of $48.90 and a two-hundred day moving average of $46.13. ClearBridge Energy Midstream Opportunity Fund Inc has a one year low of $36.71 and a one year high of $51.87.

ClearBridge Energy Midstream Opportunity Fund Increases Dividend

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

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.