Sit Investment Associates Inc. Purchases 158,443 Shares of ClearBridge Energy MLP Fund Inc (CEM)

Sit Investment Associates Inc. grew its stake in ClearBridge Energy MLP Fund Inc (NYSE:CEM) by 12.8% in the fourth quarter, Holdings Channel reports. The fund owned 1,393,775 shares of the investment management company’s stock after acquiring an additional 158,443 shares during the period. Sit Investment Associates Inc.’s holdings in ClearBridge Energy MLP Fund were worth $21,283,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CEM. MML Investors Services LLC bought a new stake in shares of ClearBridge Energy MLP Fund in the 2nd quarter valued at about $235,000. PNC Financial Services Group Inc. increased its stake in shares of ClearBridge Energy MLP Fund by 25.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 20,797 shares of the investment management company’s stock valued at $318,000 after acquiring an additional 4,208 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of ClearBridge Energy MLP Fund in the 3rd quarter valued at about $426,000. Steward Partners Investment Advisory LLC bought a new stake in shares of ClearBridge Energy MLP Fund in the 3rd quarter valued at about $481,000. Finally, D.A. Davidson & CO. increased its stake in shares of ClearBridge Energy MLP Fund by 4.8% in the 2nd quarter. D.A. Davidson & CO. now owns 41,482 shares of the investment management company’s stock valued at $633,000 after acquiring an additional 1,907 shares during the last quarter.

Shares of ClearBridge Energy MLP Fund Inc (NYSE:CEM) traded up $0.11 during mid-day trading on Wednesday, hitting $16.66. The stock had a trading volume of 219,600 shares, compared to its average volume of 664,150. ClearBridge Energy MLP Fund Inc has a one year low of $12.10 and a one year high of $17.96.

In related news, insider Chris Eades purchased 1,830 shares of the stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $13.71 per share, with a total value of $25,089.30. Following the purchase, the insider now directly owns 6,430 shares in the company, valued at approximately $88,155.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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About ClearBridge Energy MLP Fund

ClearBridge Energy MLP Fund Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) in the energy sector.

Want to see what other hedge funds are holding CEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ClearBridge Energy MLP Fund Inc (NYSE:CEM).

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

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