Mosaic Family Wealth LLC reduced its position in shares of ClearBridge Energy MLP Opp Fund Inc (NYSE:EMO) by 3.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,713 shares of the investment management company’s stock after selling 810 shares during the period. Mosaic Family Wealth LLC’s holdings in ClearBridge Energy MLP Opp Fund were worth $277,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. BB&T Securities LLC boosted its stake in ClearBridge Energy MLP Opp Fund by 24.0% in the second quarter. BB&T Securities LLC now owns 17,286 shares of the investment management company’s stock worth $220,000 after buying an additional 3,351 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of ClearBridge Energy MLP Opp Fund by 3.2% in the second quarter. Janney Montgomery Scott LLC now owns 36,785 shares of the investment management company’s stock valued at $469,000 after buying an additional 1,150 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of ClearBridge Energy MLP Opp Fund by 0.5% in the second quarter. SeaBridge Investment Advisors LLC now owns 113,730 shares of the investment management company’s stock valued at $1,450,000 after buying an additional 535 shares in the last quarter. Finally, Terril Brothers Inc. boosted its stake in shares of ClearBridge Energy MLP Opp Fund by 4.5% in the second quarter. Terril Brothers Inc. now owns 586,095 shares of the investment management company’s stock valued at $7,473,000 after buying an additional 24,975 shares in the last quarter.
Shares of ClearBridge Energy MLP Opp Fund Inc (NYSE EMO) opened at 11.39 on Tuesday. ClearBridge Energy MLP Opp Fund Inc has a 52 week low of $11.37 and a 52 week high of $14.29. The firm’s 50-day moving average is $12.31 and its 200 day moving average is $13.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 25th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 11.24%. The ex-dividend date of this dividend is Wednesday, August 23rd.
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In other news, insider Chris Eades bought 2,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $12.69 per share, with a total value of $25,380.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ClearBridge Energy MLP Opp Fund Company Profile
ClearBridge Energy MLP Opportunity Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide long-term investors 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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