Bush Odonnell Investment Advisors Inc. Has $820,000 Stake in ClearBridge Energy MLP Fund Inc (CEM)

Bush Odonnell Investment Advisors Inc. trimmed its holdings in shares of ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,700 shares of the investment management company’s stock after selling 3,800 shares during the period. ClearBridge Energy MLP Fund accounts for about 0.7% of Bush Odonnell Investment Advisors Inc.’s holdings, making the stock its 22nd biggest holding. Bush Odonnell Investment Advisors Inc. owned approximately 0.08% of ClearBridge Energy MLP Fund worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sit Investment Associates Inc. raised its stake in shares of ClearBridge Energy MLP Fund by 12.8% in the 4th quarter. Sit Investment Associates Inc. now owns 1,393,775 shares of the investment management company’s stock valued at $21,283,000 after purchasing an additional 158,443 shares in the last quarter. NorthRock Partners LLC grew its position in ClearBridge Energy MLP Fund by 2.7% in the 3rd quarter. NorthRock Partners LLC now owns 1,334,878 shares of the investment management company’s stock worth $19,786,000 after purchasing an additional 34,735 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in ClearBridge Energy MLP Fund by 0.5% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 1,067,788 shares of the investment management company’s stock worth $16,305,000 after purchasing an additional 5,080 shares during the last quarter. Terril Brothers Inc. grew its position in ClearBridge Energy MLP Fund by 42.4% in the 4th quarter. Terril Brothers Inc. now owns 1,001,935 shares of the investment management company’s stock worth $15,300,000 after purchasing an additional 298,282 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in ClearBridge Energy MLP Fund by 19.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 423,454 shares of the investment management company’s stock worth $6,284,000 after purchasing an additional 68,807 shares during the last quarter.

In other ClearBridge Energy MLP Fund news, insider Chris Eades bought 1,830 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $13.71 per share, with a total value of $25,089.30. Following the completion of the purchase, the insider now directly owns 6,430 shares in the company, valued at $88,155.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

ClearBridge Energy MLP Fund Inc (NYSE:CEM) opened at $15.92 on Wednesday. ClearBridge Energy MLP Fund Inc has a 1 year low of $12.10 and a 1 year high of $17.96.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend is Thursday, February 15th.

COPYRIGHT VIOLATION WARNING: “Bush Odonnell Investment Advisors Inc. Has $820,000 Stake in ClearBridge Energy MLP Fund Inc (CEM)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/14/clearbridge-energy-mlp-fund-inc-cem-stake-lowered-by-bush-odonnell-investment-advisors-inc.html.

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.

Institutional Ownership by Quarter for ClearBridge Energy MLP Fund (NYSE:CEM)

Receive News & Ratings for ClearBridge Energy MLP Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearBridge Energy MLP Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply