ClearBridge MLP and Midstream Fund (NYSE:CEM) Share Price Crosses Above Two Hundred Day Moving Average of $43.73

Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.73 and traded as high as $47.55. ClearBridge MLP and Midstream Fund shares last traded at $46.89, with a volume of 16,397 shares.

ClearBridge MLP and Midstream Fund Trading Up 1.6 %

The business has a fifty day moving average price of $46.86 and a 200 day moving average price of $43.82.

ClearBridge MLP and Midstream Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 6.55%.

Institutional Trading of ClearBridge MLP and Midstream Fund

A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its position in shares of ClearBridge MLP and Midstream Fund by 20.4% during the third quarter. HighTower Advisors LLC now owns 7,980 shares of the investment management company’s stock worth $282,000 after purchasing an additional 1,354 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of ClearBridge MLP and Midstream Fund during the third quarter worth about $1,170,000. Blue Bell Private Wealth Management LLC bought a new position in shares of ClearBridge MLP and Midstream Fund during the fourth quarter worth about $375,000. Delphi Financial Group Inc. bought a new position in shares of ClearBridge MLP and Midstream Fund during the fourth quarter worth about $1,329,000. Finally, Robinson Capital Management LLC bought a new position in shares of ClearBridge MLP and Midstream Fund during the fourth quarter worth about $63,000.

About ClearBridge MLP and Midstream Fund

ClearBridge Energy MLP 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 Advisors, 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.