NXG NextGen Infrastructure Income Fund (NYSE:NXG) Stock Falls 4% – What’s Next?

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report) shares traded down 4% during trading on Wednesday. The company traded as low as $55.00 and last traded at $55.0980. 70,003 shares traded hands during trading, a decline of 13% from the average daily volume of 80,114 shares. The stock had previously closed at $57.37.

NXG NextGen Infrastructure Income Fund Stock Down 6.0%

The company has a 50-day moving average price of $56.52 and a two-hundred day moving average price of $57.43.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.60 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Monday, November 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,825.00%.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other news, Director John Alban sold 500 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $55.24, for a total value of $27,620.00. Following the transaction, the director directly owned 88 shares in the company, valued at approximately $4,861.12. This trade represents a 85.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

A number of institutional investors have recently modified their holdings of the business. Focus Financial Network Inc. acquired a new position in NXG NextGen Infrastructure Income Fund in the third quarter valued at approximately $247,000. CoreCap Advisors LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 5.0% in the 3rd quarter. CoreCap Advisors LLC now owns 61,418 shares of the company’s stock worth $3,340,000 after purchasing an additional 2,908 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of NXG NextGen Infrastructure Income Fund by 106.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 13,020 shares of the company’s stock worth $843,000 after purchasing an additional 6,711 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of NXG NextGen Infrastructure Income Fund in the 2nd quarter worth approximately $297,000. Finally, Advisory Solutions Group LLC acquired a new position in NXG NextGen Infrastructure Income Fund during the 2nd quarter valued at approximately $339,000.

NXG NextGen Infrastructure Income Fund Company Profile

(Get Free Report)

NXG NextGen Infrastructure Income Fund is a publicly traded closed-end investment fund listed on the New York Stock Exchange. Rather than operating a conventional business, the fund invests in a portfolio of companies involved in infrastructure and related industries.

The fund seeks to provide investors with a high level of current income along with long-term capital appreciation. Its investments may include equity and income-producing securities issued by companies associated with energy, utilities, transportation, communications, industrial infrastructure and other essential infrastructure activities.

NXG may invest across multiple geographic regions and industry segments, giving shareholders exposure to infrastructure businesses that support the movement of energy, goods, information and other essential services.

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