CTR Stock Summary and Trading Ideas (Clearbridge MLP & Midstream Total Return | NYSE:CTR)

The Fund’s investment objective is to provide a high level of total return, consisting of cash distributions and capital appreciation. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (“MLPs”). Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs (the “80% policy”). For purposes of the 80% policy, the Fund considers investments in MLPs to include investments that offer economic exposure to public and private MLPs in the form of MLP equity securities, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, exchange-traded funds that primarily hold MLP interests and debt securities of MLPs. Energy entities are engaged in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. “Managed Assets” means net assets plus the amount of any borrowings and assets attributable to any preferred stock of the Fund that may be outstanding.

Clearbridge MLP & Midstream Total Return trades on the NYSE stock market under the symbol CTR.

As of April 23, 2024, CTR stock price climbed to $41.41 with 24,897 million shares trading.

CTR has a market cap of $285.18 million. This is considered a Small Cap stock.

In the last 3 years, CTR stock traded as high as $42.61 and as low as $20.95.

CTR has outperformed the market in the last year with a price return of +49.7% while the SPY ETF gained +24.3%. CTR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.2% and -1.4%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

CTR support price is $40.66 and resistance is $41.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTR stock will trade within this expected range on the day.