Salient Midstream & MLP Fund (NYSE:SMM) Share Price Crosses Above 50 Day Moving Average of $4.50

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Salient Midstream & MLP Fund (NYSE:SMM)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.50 and traded as high as $5.18. Salient Midstream & MLP Fund shares last traded at $5.14, with a volume of 80,593 shares trading hands.

The business’s 50-day simple moving average is $4.50 and its two-hundred day simple moving average is $4.04.

Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of Salient Midstream & MLP Fund during the second quarter valued at $68,000. PNC Financial Services Group Inc. bought a new position in Salient Midstream & MLP Fund during the second quarter worth $70,000. Wetherby Asset Management Inc. bought a new position in Salient Midstream & MLP Fund during the third quarter worth $87,000. Regent Investment Management LLC increased its stake in Salient Midstream & MLP Fund by 27.8% in the third quarter. Regent Investment Management LLC now owns 46,000 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Merriman Wealth Management LLC bought a new stake in Salient Midstream & MLP Fund in the third quarter valued at $282,000.

About Salient Midstream & MLP Fund (NYSE:SMM)

Salient Midstream & MLP Fund is a closed ended equity mutual fund launched and managed by Salient Capital Advisors, LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector, including transporting, storing, gathering, processing, distributing, marketing and/or delivering natural gas, natural gas liquids, crude oil or refined products or coal.

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