ClearBridge MLP and Midstream Total Return Fund Inc. (CTR)
ClearBridge MLP and Midstream Total Return Fund Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $40.25, down 0.05% on the session, giving a market capitalisation of $277.2M. On trailing twelve-month figures it carries a trailing P/E of 8.33, a net margin of 78.1%. Its beta of 2.34 implies it has historically moved more than the broad market.
Established on April 10, 2012, and domiciled in the United States, the ClearBridge MLP and Midstream Total Return Fund Inc. functions as an open-ended equity mutual fund of funds. Its primary management responsibilities are handled by Legg Mason Partners Fund Advisor, LLC, with ClearBridge Investments, LLC serving as co-manager. This fund's investment strategy focuses on the U.S. public equity markets, particularly within the energy sector. It prioritizes capital allocation into equity securities of Master Limited Partnerships (MLPs), shares of companies that possess general partner or managing member interests in MLPs, and other financial instruments derived from MLP interests, such as exchange-traded funds.
ClearBridge MLP and Midstream Total Return Fund Inc. is most often compared with the following Financial Services names: