NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.43 and traded as high as $45.84. NXG Cushing Midstream Energy Fund shares last traded at $45.58, with a volume of 51,834 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Up 1.2 %

The firm’s 50-day moving average price is $43.83 and its 200-day moving average price is $43.44.

NXG Cushing Midstream Energy Fund Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were given a $0.3148 dividend. This represents a yield of 13.1%. The ex-dividend date of this dividend was Friday, December 27th.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, CEO John M. Musgrave bought 773 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of $41.80 per share, with a total value of $32,311.40. Following the completion of the transaction, the chief executive officer now owns 3,095 shares in the company, valued at $129,371. The trade was a 33.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Alban sold 1,090 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here. Insiders purchased 968 shares of company stock valued at $40,462 over the last quarter.

Institutional Trading of NXG Cushing Midstream Energy Fund

An institutional investor recently bought a new position in NXG Cushing Midstream Energy Fund stock. J.W. Cole Advisors Inc. bought a new stake in NXG Cushing Midstream Energy Fund (NYSE:SRV) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,655 shares of the investment management company’s stock, valued at approximately $570,000.

About NXG Cushing Midstream Energy Fund

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.