Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN – Get Rating) crossed above its fifty day moving average during trading on Monday following insider buying activity. The stock has a fifty day moving average of $18.17 and traded as high as $18.84. Center Coast Brookfield MLP & Energy Infrastructure Fund shares last traded at $18.70, with a volume of 45,385 shares changing hands.
Specifically, major shareholder Saba Capital Management, L.P. sold 13,733 shares of the stock in a transaction on Monday, April 10th. The shares were sold at an average price of $18.90, for a total transaction of $259,553.70. Following the transaction, the insider now owns 1,188,997 shares in the company, valued at approximately $22,472,043.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 86,560 shares of company stock valued at $1,634,049.
Get Center Coast Brookfield MLP & Energy Infrastructure Fund alerts:Center Coast Brookfield MLP & Energy Infrastructure Fund Stock Down 0.5 %
The stock has a 50 day moving average of $18.17 and a two-hundred day moving average of $17.98.
Center Coast Brookfield MLP & Energy Infrastructure Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Shareholders of record on Wednesday, March 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $0.90 annualized dividend and a yield of 4.81%.
Hedge Funds Weigh In On Center Coast Brookfield MLP & Energy Infrastructure Fund
A number of institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its stake in Center Coast Brookfield MLP & Energy Infrastructure Fund by 28.5% in the 1st quarter. Invesco Ltd. now owns 40,126 shares of the investment management company's stock valued at $699,000 after buying an additional 8,891 shares during the last quarter. Raymond James & Associates boosted its holdings in Center Coast Brookfield MLP & Energy Infrastructure Fund by 46.4% during the first quarter. Raymond James & Associates now owns 16,117 shares of the investment management company's stock valued at $281,000 after acquiring an additional 5,110 shares during the period. Almitas Capital LLC grew its position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 32.8% in the fourth quarter. Almitas Capital LLC now owns 295,700 shares of the investment management company's stock valued at $5,130,000 after purchasing an additional 73,104 shares during the last quarter. Atlas Wealth LLC bought a new position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund in the fourth quarter worth about $340,000. Finally, Wolverine Asset Management LLC lifted its position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 5,637.8% during the 4th quarter. Wolverine Asset Management LLC now owns 29,435 shares of the investment management company's stock worth $511,000 after purchasing an additional 28,922 shares during the last quarter.
Center Coast Brookfield MLP & Energy Infrastructure Fund Company Profile
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Center Coast Brookfield MLP & Energy Infrastructure Fund is a closed-end management investment fund/investment trust. The firm engages in the provision of total return with an emphasis on distributions to shareholders. It invests in a portfolio of master limited partnerships and energy infrastructure companies.
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