Salient Midstream & MLP Fund (SMM) Research

The Salient Midstream & MLP Fund is a closed-end equity mutual fund, established and managed by Salient Capital Advisors, LLC. It strategically invests in publicly traded companies across the United States equity markets. The fund concentrates its holdings within the energy sector, targeting businesses involved in the comprehensive activities of transporting, storing, gathering, processing, distributing, marketing, and/or delivering natural gas, natural gas liquids, crude oil, refined products, or coal. A core component of its strategy is allocating capital to midstream companies and master limited partnerships. Its portfolio features a diverse range of market capitalizations, from large-cap to mid-cap and small-cap enterprises. The fund's performance is measured relative to the Alerian MLP Index. Formed on May 24, 2012, this fund is based in the United States.

Market snapshot

Symbol
SMM
Price
$8.95
Day change
+0.56%
Market cap
$158.6M
P/E ratio
4.18x
52-week range
8.86-9.11
Sector
Financial Services
Industry
Asset Management

Peer companies

  • Virtus Convertible & Income 2024 Target Term Fund (CBH)
  • BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (DCF)
  • Fiduciary/Claymore Energy Infrastructure Fund (FMO)
  • Nuveen Small Cap Growth Opportunities Fund (FMPFX)
  • Fund X Upgrader Fund (FUNDX)
  • Goldman Sachs MLP and Energy Renaissance Fund (GER)
  • Invesco High Income 2023 Target Term Fund (IHIT)
  • Insight Select Income Fund (INSI)

Recent insider activity

  • Allecta Julie — trade (0 shares) on 2022-09-14
  • Saba Capital Management, L.P. — P-Purchase (15687 shares) on 2022-08-12
  • Weinstein Boaz — P-Purchase (15687 shares) on 2022-08-12
  • Saba Capital Management, L.P. — A-Award (11 shares) on 2022-05-27
  • Weinstein Boaz — A-Award (11 shares) on 2022-05-27

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