NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.90 and traded as high as $44.83. NXG Cushing Midstream Energy Fund shares last traded at $43.91, with a volume of 24,716 shares.

NXG Cushing Midstream Energy Fund Stock Down 0.6%

The business’s fifty day moving average price is $44.05 and its 200 day moving average price is $41.90.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 12.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 11.5% in the first quarter. LPL Financial LLC now owns 62,196 shares of the investment management company’s stock valued at $2,734,000 after buying an additional 6,415 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of NXG Cushing Midstream Energy Fund by 32.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,012 shares of the investment management company’s stock valued at $1,539,000 after buying an additional 8,524 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of NXG Cushing Midstream Energy Fund by 20.1% in the second quarter. J.W. Cole Advisors Inc. now owns 33,955 shares of the investment management company’s stock valued at $1,438,000 after buying an additional 5,672 shares during the period. Osaic Holdings Inc. increased its stake in shares of NXG Cushing Midstream Energy Fund by 29.2% in the second quarter. Osaic Holdings Inc. now owns 33,184 shares of the investment management company’s stock valued at $1,405,000 after buying an additional 7,492 shares during the period. Finally, Cornerstone Advisors LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 963.7% in the second quarter. Cornerstone Advisors LLC now owns 25,528 shares of the investment management company’s stock valued at $1,081,000 after buying an additional 23,128 shares during the period.

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.