Insider Buying: ClearBridge Energy MLP Fund Inc (CEM) Insider Buys $14,960.00 in Stock

ClearBridge Energy MLP Fund Inc (NYSE:CEM) insider Chris Eades acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average price of $14.96 per share, with a total value of $14,960.00. Following the transaction, the insider now directly owns 4,600 shares in the company, valued at $68,816. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

ClearBridge Energy MLP Fund Inc (CEM) traded down 0.74% on Friday, reaching $14.82. 126,252 shares of the company traded hands. The stock has a 50-day moving average of $14.91 and a 200 day moving average of $15.81. ClearBridge Energy MLP Fund Inc has a 52-week low of $13.89 and a 52-week high of $17.96.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 25th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend was Wednesday, August 23rd.

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A number of large investors have recently modified their holdings of CEM. Tortoise Capital Advisors L.L.C. bought a new position in shares of ClearBridge Energy MLP Fund during the second quarter valued at $116,000. Allen Investment Management LLC raised its stake in shares of ClearBridge Energy MLP Fund by 4.1% during the second quarter. Allen Investment Management LLC now owns 168,282 shares of the investment management company’s stock valued at $2,568,000 after acquiring an additional 6,573 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of ClearBridge Energy MLP Fund by 54.1% during 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 acquiring an additional 37,098 shares during the last quarter. Terril Brothers Inc. raised its stake in shares of ClearBridge Energy MLP Fund by 12.1% during the second quarter. Terril Brothers Inc. now owns 607,333 shares of the investment management company’s stock valued at $9,268,000 after acquiring an additional 65,393 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in shares of ClearBridge Energy MLP Fund by 0.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 111,090 shares of the investment management company’s stock valued at $1,695,000 after acquiring an additional 445 shares during the last quarter.

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.

Insider Buying and Selling by Quarter for ClearBridge Energy MLP Fund (NYSE:CEM)

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