Klingman Associates Lowers stake in ClearBridge Energy MLP Fund Inc (CEM)

ClearBridge Energy MLP Fund Inc (CEM) : Klingman Associates reduced its stake in ClearBridge Energy MLP Fund Inc by 0.05% during the most recent quarter end. The investment management company now holds a total of 310,658 shares of ClearBridge Energy MLP Fund Inc which is valued at $4,538,713 after selling 150 shares in ClearBridge Energy MLP Fund Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.ClearBridge Energy MLP Fund Inc makes up approximately 1.58% of Klingman Associates’s portfolio.

Other Hedge Funds, Including , Signature Estate Investment Advisors boosted its stake in CEM in the latest quarter, The investment management firm added 131,382 additional shares and now holds a total of 585,992 shares of ClearBridge Energy MLP Fund Inc which is valued at $7,699,935. ClearBridge Energy MLP Fund Inc makes up approx 1.26% of Signature Estate Investment Advisors’s portfolio.Sit Investment Associates Inc boosted its stake in CEM in the latest quarter, The investment management firm added 89,080 additional shares and now holds a total of 232,246 shares of ClearBridge Energy MLP Fund Inc which is valued at $3,051,712. ClearBridge Energy MLP Fund Inc makes up approx 0.06% of Sit Investment Associates Inc’s portfolio.Carnegie Capital Asset Management boosted its stake in CEM in the latest quarter, The investment management firm added 22,038 additional shares and now holds a total of 74,374 shares of ClearBridge Energy MLP Fund Inc which is valued at $977,274. ClearBridge Energy MLP Fund Inc makes up approx 0.15% of Carnegie Capital Asset Management’s portfolio.

Many Wall Street Analysts have commented on ClearBridge Energy MLP Fund Inc. ClearBridge Energy MLP Fund Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 17, 2016.

ClearBridge Energy MLP Fund Inc. is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with focus on cash distributions. The Fund provides single investment for accessing a portfolio of energy-related master limited partnerships (MLPs). The Fund focuses on energy-related master limited partnerships with long-lived assets predictable cash flows and relatively low direct commodity exposure. Legg Mason Partners Fund Advisor LLC (LMPFA) is the Fund’s investment manager and ClearBridge Advisors LLC (ClearBridge) is the Fund’s subadviser. LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason Inc. (Legg Mason).

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