Hobbs Group Advisors LLC Takes Position in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM)

Hobbs Group Advisors LLC bought a new stake in ClearBridge MLP and Midstream Fund Inc (NYSE:CEM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,679 shares of the investment management company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Global Management LLC raised its stake in shares of ClearBridge MLP and Midstream Fund by 33.5% in the first quarter. Alpine Global Management LLC now owns 90,000 shares of the investment management company’s stock valued at $4,120,000 after acquiring an additional 22,600 shares during the period. Steward Partners Investment Advisory LLC increased its stake in ClearBridge MLP and Midstream Fund by 40.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,338 shares of the investment management company’s stock worth $2,018,000 after buying an additional 14,600 shares during the period. Kayne Anderson Capital Advisors LP increased its stake in ClearBridge MLP and Midstream Fund by 37.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 48,048 shares of the investment management company’s stock worth $2,200,000 after buying an additional 13,208 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in ClearBridge MLP and Midstream Fund by 322.6% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 39,497 shares of the investment management company’s stock worth $1,808,000 after buying an additional 30,151 shares during the period. Finally, Quarry LP increased its stake in ClearBridge MLP and Midstream Fund by 176.2% in the 4th quarter. Quarry LP now owns 20,850 shares of the investment management company’s stock worth $836,000 after buying an additional 13,300 shares during the period.

ClearBridge MLP and Midstream Fund Trading Down 1.0 %

CEM stock traded down $0.45 during trading on Tuesday, hitting $43.97. The company had a trading volume of 19,493 shares, compared to its average volume of 35,231. ClearBridge MLP and Midstream Fund Inc has a 52-week low of $33.11 and a 52-week high of $48.61. The company has a 50 day simple moving average of $45.40 and a 200-day simple moving average of $44.94.

ClearBridge MLP and Midstream Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 7.00%. The ex-dividend date is Wednesday, August 14th.

About ClearBridge MLP and Midstream Fund

ClearBridge Energy MLP 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 Advisors, 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.