Cushing MLP Total Return Fund (NYSE:SRV) Shares Cross Above 200-Day Moving Average of $10.12

Cushing MLP Total Return Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.12 and traded as high as $9.77. Cushing MLP Total Return Fund shares last traded at $9.56, with a volume of 1,860 shares trading hands.

The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $10.12.

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date of this dividend is Thursday, October 17th.

Several hedge funds have recently made changes to their positions in SRV. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Cushing MLP Total Return Fund during the second quarter valued at about $204,000. Wells Fargo & Company MN boosted its stake in shares of Cushing MLP Total Return Fund by 248.8% during the second quarter. Wells Fargo & Company MN now owns 83,304 shares of the investment management company’s stock valued at $851,000 after purchasing an additional 59,418 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Cushing MLP Total Return Fund during the second quarter valued at about $132,000. Finally, Royal Bank of Canada boosted its stake in shares of Cushing MLP Total Return Fund by 40.2% during the second quarter. Royal Bank of Canada now owns 44,105 shares of the investment management company’s stock valued at $450,000 after purchasing an additional 12,641 shares in the last quarter.

Cushing MLP Total Return Fund Company Profile (NYSE:SRV)

Cushing MLP Total Return Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.

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