Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:CEN – Get Rating) crossed above its fifty day moving average during trading on Thursday following insider buying activity. The stock has a fifty day moving average of $18.26 and traded as high as $19.01. Center Coast Brookfield MLP & Energy Infrastructure Fund shares last traded at $18.92, with a volume of 23,944 shares changing hands.
Specifically, major shareholder Saba Capital Management, L.P. sold 2,701 shares of the firm's stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $19.10, for a total value of $51,589.10. Following the transaction, the insider now directly owns 1,202,730 shares in the company, valued at approximately $22,972,143. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 38,900 shares of company stock worth $738,446.
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The business's fifty day simple moving average is $18.26 and its two-hundred day simple moving average is $17.78.
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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Tuesday, March 14th.
Institutional Trading of Center Coast Brookfield MLP & Energy Infrastructure Fund
A number of hedge funds have recently bought and sold shares of CEN. Raymond James & Associates boosted its holdings in Center Coast Brookfield MLP & Energy Infrastructure Fund by 46.4% in the 1st quarter. Raymond James & Associates now owns 16,117 shares of the investment management company's stock valued at $281,000 after purchasing an additional 5,110 shares during the period. Invesco Ltd. lifted its holdings in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 28.5% during the 1st quarter. Invesco Ltd. now owns 40,126 shares of the investment management company's stock worth $699,000 after acquiring an additional 8,891 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund during the 3rd quarter worth about $196,000. Almitas Capital LLC lifted its holdings in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 68.2% during the 3rd quarter. Almitas Capital LLC now owns 222,596 shares of the investment management company's stock worth $3,686,000 after acquiring an additional 90,252 shares during the period. Finally, Bulldog Investors LLP lifted its holdings in shares of Center Coast Brookfield MLP & Energy Infrastructure Fund by 176.9% during the 3rd quarter. Bulldog Investors LLP now owns 62,762 shares of the investment management company's stock worth $1,039,000 after acquiring an additional 40,092 shares during the period.
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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