Insider Buying: ClearBridge Energy MLP Fund Inc (CEM) Insider Acquires 189,000 Shares of Stock

ClearBridge Energy MLP Fund Inc (NYSE:CEM) insider John Tognetti bought 189,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was acquired at an average price of $0.17 per share, for a total transaction of $32,130.00.

John Tognetti also recently made the following trade(s):

• On Thursday, June 29th, John Tognetti purchased 91,500 shares of ClearBridge Energy MLP Fund stock. The shares were purchased at an average cost of $0.15 per share, with a total value of $13,725.00.
• On Monday, June 26th, John Tognetti purchased 52,500 shares of ClearBridge Energy MLP Fund stock. The shares were purchased at an average cost of $0.16 per share, with a total value of $8,400.00.
• On Friday, June 23rd, John Tognetti acquired 689,000 shares of ClearBridge Energy MLP Fund stock. The shares were bought at an average cost of $0.16 per share, with a total value of $110,240.00.

ClearBridge Energy MLP Fund Inc (NYSE CEM) traded down 0.19% during midday trading on Friday, hitting $15.58. The stock had a trading volume of 125,432 shares. ClearBridge Energy MLP Fund Inc has a one year low of $13.89 and a one year high of $17.96. The company’s market cap is $1.09 billion. The stock’s 50-day moving average is $15.27 and its 200-day moving average is $16.30.

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Several hedge funds and other institutional investors have recently modified their holdings of CEM. SeaBridge Investment Advisors LLC boosted its position in shares of ClearBridge Energy MLP Fund by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 111,090 shares of the investment management company’s stock worth $1,695,000 after buying an additional 445 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in ClearBridge Energy MLP Fund by 6.5% in the second quarter. Mosaic Family Wealth LLC now owns 20,590 shares of the investment management company’s stock valued at $314,000 after buying an additional 1,254 shares during the period. Tortoise Capital Advisors L.L.C. purchased a new position in ClearBridge Energy MLP Fund during the second quarter valued at $116,000. Stratos Wealth Partners LTD. boosted its position in ClearBridge Energy MLP Fund by 54.1% in the second quarter. Stratos Wealth Partners LTD. now owns 105,674 shares of the investment management company’s stock valued at $1,613,000 after buying an additional 37,098 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in ClearBridge Energy MLP Fund by 21.0% in the second quarter. Advisors Asset Management Inc. now owns 354,647 shares of the investment management company’s stock valued at $5,412,000 after buying an additional 61,576 shares during the period.

About ClearBridge Energy MLP Fund

ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.