M&T Bank Corp Invests $798,000 in ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO)

M&T Bank Corp acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund Inc (NYSE:EMO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 18,913 shares of the investment management company’s stock, valued at approximately $798,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in ClearBridge Energy Midstream Opportunity Fund by 60.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,044 shares of the investment management company’s stock worth $867,000 after buying an additional 7,954 shares during the period. Edgemoor Investment Advisors Inc. acquired a new stake in shares of ClearBridge Energy Midstream Opportunity Fund during the second quarter worth $1,861,000. Sanctuary Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 2nd quarter valued at $1,670,000. LexAurum Advisors LLC bought a new stake in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter valued at $268,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in ClearBridge Energy Midstream Opportunity Fund in the 3rd quarter worth $31,000.

Insiders Place Their Bets

In other news, insider Franklin Resources Inc sold 2,610 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $47.43, for a total transaction of $123,792.30. Following the completion of the transaction, the insider now directly owns 32,909 shares in the company, valued at $1,560,873.87. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 26,634 shares of company stock valued at $1,175,167 in the last quarter.

ClearBridge Energy Midstream Opportunity Fund Price Performance

EMO opened at $45.98 on Tuesday. The business’s 50-day moving average price is $46.19 and its two-hundred day moving average price is $42.75. ClearBridge Energy Midstream Opportunity Fund Inc has a 1 year low of $32.96 and a 1 year high of $50.73.

ClearBridge Energy Midstream Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a $0.33 dividend. This represents a $3.96 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend is Monday, December 23rd.

ClearBridge Energy Midstream Opportunity Fund Profile

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.