Salient Midstream & MLP Fund (NYSE:SMM) Stock Crosses Above 50 Day Moving Average of $7.62

Salient Midstream & MLP Fund (NYSE:SMM)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.62 and traded as high as $8.03. Salient Midstream & MLP Fund shares last traded at $8.03, with a volume of 4,034 shares changing hands.

The company’s fifty day moving average price is $7.64 and its two-hundred day moving average price is $7.75.

Several institutional investors have recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC bought a new stake in shares of Salient Midstream & MLP Fund in the fourth quarter worth $27,000. 6 Meridian lifted its position in shares of Salient Midstream & MLP Fund by 14.5% in the third quarter. 6 Meridian now owns 33,152 shares of the investment management company’s stock worth $261,000 after purchasing an additional 4,191 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Salient Midstream & MLP Fund by 10.6% in the third quarter. Oppenheimer & Co. Inc. now owns 47,562 shares of the investment management company’s stock worth $374,000 after purchasing an additional 4,539 shares in the last quarter. Round Table Services LLC bought a new stake in shares of Salient Midstream & MLP Fund in the third quarter worth $237,000. Finally, Matisse Capital lifted its position in shares of Salient Midstream & MLP Fund by 17.3% in the third quarter. Matisse Capital now owns 249,400 shares of the investment management company’s stock worth $1,960,000 after purchasing an additional 36,700 shares in the last quarter.

About Salient Midstream & MLP Fund (NYSE:SMM)

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal.

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