NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above 200 Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.61 and traded as high as $43.28. NXG Cushing Midstream Energy Fund shares last traded at $42.5560, with a volume of 37,340 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The firm has a 50 day moving average price of $43.68 and a two-hundred day moving average price of $42.61.

NXG Cushing Midstream Energy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 2nd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other news, Director John Alban acquired 750 shares of NXG Cushing Midstream Energy Fund stock in a transaction on Tuesday, November 11th. The stock was bought at an average cost of $42.49 per share, with a total value of $31,867.50. Following the completion of the purchase, the director owned 750 shares of the company’s stock, valued at $31,867.50. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds have recently made changes to their positions in SRV. Parkside Financial Bank & Trust acquired a new position in NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $46,000. Raymond James Financial Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the second quarter valued at $42,000. Keener Financial Planning LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the third quarter worth $50,000. Cornerstone Advisors LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the first quarter worth $105,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund during the third quarter valued at $271,000.

About NXG Cushing Midstream Energy Fund

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.