NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200 Day Moving Average – Here’s Why

NXG Cushing Midstream Energy Fund (NYSE:SRVGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.60 and traded as high as $47.18. NXG Cushing Midstream Energy Fund shares last traded at $46.9140, with a volume of 44,767 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Performance

The stock has a 50 day moving average of $47.36 and a 200-day moving average of $46.63.

NXG Cushing Midstream Energy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.50 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Monday, November 16th.

Institutional Trading of NXG Cushing Midstream Energy Fund

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in NXG Cushing Midstream Energy Fund during the second quarter valued at approximately $112,000. NewEdge Advisors LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 32.4% in the 2nd quarter. NewEdge Advisors LLC now owns 10,101 shares of the investment management company’s stock worth $506,000 after purchasing an additional 2,474 shares during the period. Advisory Solutions Group LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 2nd quarter worth approximately $771,000. NWF Advisory Services Inc. increased its position in shares of NXG Cushing Midstream Energy Fund by 26.0% during the 2nd quarter. NWF Advisory Services Inc. now owns 40,510 shares of the investment management company’s stock valued at $2,029,000 after purchasing an additional 8,350 shares during the last quarter. Finally, Focus Financial Network Inc. increased its position in shares of NXG Cushing Midstream Energy Fund by 23.4% during the 2nd quarter. Focus Financial Network Inc. now owns 24,001 shares of the investment management company’s stock valued at $1,202,000 after purchasing an additional 4,552 shares during the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

(Get Free Report)

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.

Further Reading

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