NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.31 and traded as high as $43.87. NXG Cushing Midstream Energy Fund shares last traded at $42.73, with a volume of 29,372 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The stock has a 50 day simple moving average of $43.87 and a 200 day simple moving average of $42.31.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.45 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Monday, November 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund during the second quarter worth about $42,000. Parkside Financial Bank & Trust acquired a new position in shares of NXG Cushing Midstream Energy Fund in the third quarter worth about $46,000. Cornerstone Advisors LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter worth about $105,000. Concurrent Investment Advisors LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter worth about $275,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the second quarter worth about $284,000.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy 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.