Franklin Resources sold 22,967 EMO shares ($1.0M) across 3 transactions at $43.69–$43.71, reducing stake by 38.6% to 36,519 shares.
Franklin Resources executed 3 separate sales totaling 22,967 shares for $1,003,585.62 over three consecutive trading days (October 16–18, 2024) at a blended average price of $43.70, reducing its post-transaction holdings in ClearBridge Energy Midstream Opportunity Fund Inc. by 38.6%. The stock is currently trading at $44.01, representing a 0.7% premium to the sale prices, and has appreciated 4.7% over the past 30 days and 7.3% over 90 days while trading at its 52-week high. Franklin Resources' open-market history shows only 1 prior buy across all tickers, suggesting this material reduction in stake is not part of an established pattern of active position management.