NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.69 and traded as high as $47.00. NXG Cushing Midstream Energy Fund shares last traded at $46.92, with a volume of 27,307 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The stock’s fifty day moving average price is $48.24 and its two-hundred day moving average price is $45.73.

NXG Cushing Midstream Energy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 12.9%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in NXG Cushing Midstream Energy Fund in the first quarter worth $25,000. Raymond James Financial Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the 2nd quarter valued at $42,000. Symphony Financial Services Inc. bought a new position in NXG Cushing Midstream Energy Fund in the 4th quarter worth $207,000. Private Advisor Group LLC lifted its position in shares of NXG Cushing Midstream Energy Fund by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after purchasing an additional 525 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position 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 purchasing an additional 1,076 shares during the period.

NXG Cushing Midstream Energy Fund Company Profile

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.