NXG Cushing Midstream Energy Fund (NYSE:SRV) Declares Monthly Dividend of $0.50

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.50 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

NXG Cushing Midstream Energy Fund Price Performance

NYSE SRV traded up $0.25 during trading hours on Tuesday, hitting $45.10. The company’s stock had a trading volume of 51,950 shares, compared to its average volume of 61,731. NXG Cushing Midstream Energy Fund has a 52 week low of $38.11 and a 52 week high of $51.54. The company’s 50-day simple moving average is $47.77 and its two-hundred day simple moving average is $46.49.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its position in NXG Cushing Midstream Energy Fund by 27.3% in the 1st quarter. Private Advisor Group LLC now owns 8,856 shares of the investment management company’s stock valued at $394,000 after buying an additional 1,900 shares during the last quarter. Symphony Financial Services Inc. boosted its holdings in NXG Cushing Midstream Energy Fund by 7.1% during the 1st quarter. Symphony Financial Services Inc. now owns 5,672 shares of the investment management company’s stock worth $252,000 after acquiring an additional 378 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in NXG Cushing Midstream Energy Fund by 89.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,627 shares of the investment management company’s stock worth $339,000 after acquiring an additional 3,604 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 20.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth $2,056,000.

About NXG Cushing Midstream Energy Fund

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.