Terril Brothers Inc. increased its position in ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 12.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 607,333 shares of the investment management company’s stock after buying an additional 65,393 shares during the period. ClearBridge Energy MLP Fund accounts for about 3.3% of Terril Brothers Inc.’s investment portfolio, making the stock its 9th largest position. Terril Brothers Inc.’s holdings in ClearBridge Energy MLP Fund were worth $9,268,000 as of its most recent SEC filing.
Separately, 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 during the last quarter.
Shares of ClearBridge Energy MLP Fund Inc (NYSE:CEM) traded up 0.0631% on Friday, hitting $14.5792. The company had a trading volume of 274,770 shares. The company has a 50 day moving average price of $15.36 and a 200 day moving average price of $16.24. ClearBridge Energy MLP Fund Inc has a 1-year low of $13.89 and a 1-year high of $17.96.
In other ClearBridge Energy MLP Fund news, insider Chris Eades purchased 1,600 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $15.68 per share, with a total value of $25,088.00. Following the acquisition, the insider now directly owns 3,600 shares in the company, valued at approximately $56,448. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Tognetti purchased 189,000 shares of the stock in a transaction on Wednesday, July 26th. The stock was acquired at an average cost of $0.17 per share, for a total transaction of $32,130.00. Insiders have purchased a total of 1,038,100 shares of company stock worth $192,918 in the last three months.
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.
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