NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200 Day Moving Average of $37.02

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.02 and traded as high as $41.76. NXG Cushing Midstream Energy Fund shares last traded at $40.98, with a volume of 28,625 shares.

NXG Cushing Midstream Energy Fund Stock Performance

The stock has a 50-day moving average price of $40.16 and a 200-day moving average price of $37.02.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. This is an increase from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36. This represents a yield of 13.48%. The ex-dividend date was Thursday, March 14th.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the third quarter valued at approximately $34,000. Axxcess Wealth Management LLC grew its stake in NXG Cushing Midstream Energy Fund by 28.0% in the third quarter. Axxcess Wealth Management LLC now owns 7,117 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 1,559 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $124,000. HighPoint Advisor Group LLC acquired a new stake in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $197,000. Finally, Virtu Financial LLC acquired a new stake in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $346,000.

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.