GPS Wealth Strategies Group LLC Sells 306 Shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

GPS Wealth Strategies Group LLC decreased its stake in shares of ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,801 shares of the investment management company’s stock after selling 306 shares during the period. GPS Wealth Strategies Group LLC’s holdings in ClearBridge MLP and Midstream Fund were worth $133,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CEM. Robinson Capital Management LLC purchased a new position in ClearBridge MLP and Midstream Fund during the 4th quarter valued at about $63,000. Mather Group LLC. bought a new position in shares of ClearBridge MLP and Midstream Fund during the second quarter valued at approximately $98,000. Laidlaw Wealth Management LLC purchased a new position in shares of ClearBridge MLP and Midstream Fund during the fourth quarter valued at approximately $204,000. Janney Montgomery Scott LLC bought a new stake in shares of ClearBridge MLP and Midstream Fund in the 1st quarter worth approximately $269,000. Finally, Bulldog Investors LLP bought a new stake in shares of ClearBridge MLP and Midstream Fund in the 4th quarter worth approximately $329,000.

ClearBridge MLP and Midstream Fund Price Performance

Shares of NYSE:CEM traded up $0.17 on Wednesday, hitting $43.48. 14,853 shares of the company traded hands, compared to its average volume of 35,727. The stock has a 50 day simple moving average of $45.51 and a 200-day simple moving average of $44.88. ClearBridge MLP and Midstream Fund Inc has a 52 week low of $33.11 and a 52 week high of $48.61.

ClearBridge MLP and Midstream Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date is Wednesday, August 14th. This represents a $3.08 dividend on an annualized basis and a yield of 7.08%.

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.