Edge Wealth Management LLC cut its holdings in shares of Clearbridge MLP and Midstream Fund Inc (NYSE:CEM) by 33.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,698 shares of the investment management company’s stock after selling 40,799 shares during the quarter. Edge Wealth Management LLC’s holdings in Clearbridge MLP and Midstream Fund were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley lifted its holdings in Clearbridge MLP and Midstream Fund by 15.1% during the second quarter. Morgan Stanley now owns 5,323,210 shares of the investment management company’s stock valued at $75,217,000 after purchasing an additional 696,948 shares during the last quarter. NorthRock Partners LLC lifted its holdings in Clearbridge MLP and Midstream Fund by 3.4% during the third quarter. NorthRock Partners LLC now owns 1,552,405 shares of the investment management company’s stock valued at $22,557,000 after purchasing an additional 50,692 shares during the last quarter. Terril Brothers Inc. lifted its holdings in Clearbridge MLP and Midstream Fund by 2.6% during the third quarter. Terril Brothers Inc. now owns 1,004,210 shares of the investment management company’s stock valued at $14,591,000 after purchasing an additional 25,125 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in Clearbridge MLP and Midstream Fund by 4.3% during the third quarter. Vident Investment Advisory LLC now owns 329,375 shares of the investment management company’s stock valued at $4,786,000 after purchasing an additional 13,473 shares during the last quarter. Finally, Parkside Investments LLC lifted its holdings in Clearbridge MLP and Midstream Fund by 18.2% during the third quarter. Parkside Investments LLC now owns 253,409 shares of the investment management company’s stock valued at $3,682,000 after purchasing an additional 39,038 shares during the last quarter.

In other news, insider Harry D. Cohen sold 58,784 shares of the stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $11.25, for a total value of $661,320.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Freeman sold 26,611 shares of the stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $9.83, for a total transaction of $261,586.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 205,492 shares of company stock worth $2,158,582.

NYSE CEM traded down $0.14 during trading on Friday, hitting $11.96. 4,736 shares of the company’s stock traded hands, compared to its average volume of 601,743. Clearbridge MLP and Midstream Fund Inc has a 12-month low of $9.60 and a 12-month high of $17.36.

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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.

Further Reading: Certificate of Deposit (CD) For Risk Adverse Investors?

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Institutional Ownership by Quarter for Clearbridge MLP and Midstream Fund (NYSE:CEM)

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