Northrock Partners buys $23.9 Million stake in ClearBridge Energy MLP Fund Inc (CEM)

ClearBridge Energy MLP Fund Inc (CEM) : Northrock Partners scooped up 675,855 additional shares in ClearBridge Energy MLP Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,617,867 shares of ClearBridge Energy MLP Fund Inc which is valued at $23.9 Million.ClearBridge Energy MLP Fund Inc makes up approximately 12.36% of Northrock Partners’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth reduced its stake in CEM by selling 1,480 shares or 7.28% in the most recent quarter. The Hedge Fund company now holds 18,851 shares of CEM which is valued at $278,429. ClearBridge Energy MLP Fund Inc makes up approx 0.13% of Mosaic Family Wealth’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in CEM during the most recent quarter. The investment firm sold 13,718 shares of CEM which is valued $202,615.Janney Montgomery Scott reduced its stake in CEM by selling 8,405 shares or 16.41% in the most recent quarter. The Hedge Fund company now holds 42,821 shares of CEM which is valued at $632,466. ClearBridge Energy MLP Fund Inc makes up approx 0.02% of Janney Montgomery Scott’s portfolio.Investors Capital Advisory Services reduced its stake in CEM by selling 1,000 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 19,500 shares of CEM which is valued at $288,015. ClearBridge Energy MLP Fund Inc makes up approx 0.06% of Investors Capital Advisory Services’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).

Leave a Reply

ClearBridge Energy MLP Fund Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on ClearBridge Energy MLP Fund Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.