NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.47 and traded as high as $43.43. NXG Cushing Midstream Energy Fund shares last traded at $43.0050, with a volume of 46,267 shares.

NXG Cushing Midstream Energy Fund Trading Up 0.9%

The company has a fifty day simple moving average of $43.75 and a two-hundred day simple moving average of $42.47.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 2nd will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a c) annualized dividend and a yield of 12.6%.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other news, Director John Alban purchased 750 shares of the stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $42.49 per share, for a total transaction of $31,867.50. Following the acquisition, the director directly owned 750 shares of the company’s stock, valued at approximately $31,867.50. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of SRV. LPL Financial LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 11.5% during the first quarter. LPL Financial LLC now owns 62,196 shares of the investment management company’s stock worth $2,734,000 after purchasing an additional 6,415 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in NXG Cushing Midstream Energy Fund by 11.6% in the third quarter. J.W. Cole Advisors Inc. now owns 37,895 shares of the investment management company’s stock valued at $1,741,000 after buying an additional 3,940 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in NXG Cushing Midstream Energy Fund by 29.2% during the 2nd 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 during the last quarter. Cornerstone Advisors LLC boosted its position in shares of NXG Cushing Midstream Energy Fund by 2.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock worth $1,196,000 after acquiring an additional 500 shares in the last quarter. Finally, NWF Advisory Services Inc. boosted its position in shares of NXG Cushing Midstream Energy Fund by 57.4% during the 3rd quarter. NWF Advisory Services Inc. now owns 11,240 shares of the investment management company’s stock worth $516,000 after acquiring an additional 4,100 shares in the last quarter.

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.