Icon Wealth Partners LLC Sells 5,733 Shares of ClearBridge Energy MLP Fund Inc (CEM)

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Icon Wealth Partners LLC trimmed its holdings in shares of ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 3.9% in the second quarter, Holdings Channel reports. The institutional investor owned 140,258 shares of the investment management company’s stock after selling 5,733 shares during the quarter. ClearBridge Energy MLP Fund accounts for 0.8% of Icon Wealth Partners LLC’s portfolio, making the stock its 21st biggest position. Icon Wealth Partners LLC’s holdings in ClearBridge Energy MLP Fund were worth $1,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of ClearBridge Energy MLP Fund by 1.8% during the first quarter. Royal Bank of Canada now owns 627,319 shares of the investment management company’s stock worth $7,898,000 after buying an additional 10,949 shares during the last quarter. Allen Investment Management LLC raised its stake in shares of ClearBridge Energy MLP Fund by 98.2% during the first quarter. Allen Investment Management LLC now owns 326,352 shares of the investment management company’s stock worth $4,109,000 after buying an additional 161,710 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of ClearBridge Energy MLP Fund by 4.2% during the second quarter. Sit Investment Associates Inc. now owns 1,086,966 shares of the investment management company’s stock worth $15,359,000 after buying an additional 43,596 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of ClearBridge Energy MLP Fund by 17.2% during the second quarter. Janney Montgomery Scott LLC now owns 41,509 shares of the investment management company’s stock worth $587,000 after buying an additional 6,080 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of ClearBridge Energy MLP Fund by 18.6% during the first quarter. Hilltop Holdings Inc. now owns 114,970 shares of the investment management company’s stock worth $1,447,000 after buying an additional 18,030 shares during the last quarter.

Shares of NYSE CEM opened at $14.85 on Wednesday. ClearBridge Energy MLP Fund Inc has a 52-week low of $12.10 and a 52-week high of $17.36.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 24th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date was Thursday, August 23rd.

About ClearBridge Energy MLP 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.

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

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