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

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 $41.86 and traded as high as $43.22. NXG Cushing Midstream Energy Fund shares last traded at $42.15, with a volume of 29,807 shares changing hands.

NXG Cushing Midstream Energy Fund Trading Up 0.4%

The company has a fifty day moving average price of $44.03 and a 200 day moving average price of $41.86.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SRV. Cornerstone Advisors LLC grew its holdings in shares of NXG Cushing Midstream Energy Fund by 963.7% during the second quarter. Cornerstone Advisors LLC now owns 25,528 shares of the investment management company’s stock worth $1,081,000 after purchasing an additional 23,128 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of NXG Cushing Midstream Energy Fund by 32.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,012 shares of the investment management company’s stock worth $1,539,000 after purchasing an additional 8,524 shares in the last quarter. Focus Financial Network Inc. purchased a new position in shares of NXG Cushing Midstream Energy Fund during the third quarter worth about $345,000. Osaic Holdings Inc. boosted its stake in 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 worth $1,405,000 after buying an additional 7,492 shares in the last quarter. Finally, NWF Advisory Services Inc. purchased a new stake in NXG Cushing Midstream Energy Fund in the second quarter worth approximately $302,000.

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.