NXG NextGen Infrastructure Income Fund (NYSE:NXG) Stock Price Up 1.1% – What’s Next?

NXG NextGen Infrastructure Income Fund (NYSE:NXG)’s share price rose 1.1% during mid-day trading on Thursday . The stock traded as high as $51.60 and last traded at $51.40. Approximately 22,687 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 30,452 shares. The stock had previously closed at $50.84.

NXG NextGen Infrastructure Income Fund Stock Up 1.1 %

The company’s fifty day moving average is $45.04 and its 200-day moving average is $41.91.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.54 per share. This represents a $6.48 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date is Friday, November 15th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is currently -2,700.00%.

Insider Buying and Selling at NXG NextGen Infrastructure Income Fund

In other NXG NextGen Infrastructure Income Fund news, insider John Alban sold 1,234 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $41.34, for a total transaction of $51,013.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the third quarter valued at $202,000. Valeo Financial Advisors LLC purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the third quarter valued at $294,000. Private Advisor Group LLC purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the third quarter valued at $329,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the third quarter valued at $671,000.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.