NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above 200-Day Moving Average – Here’s Why

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.61 and traded as high as $43.28. NXG Cushing Midstream Energy Fund shares last traded at $42.5560, with a volume of 37,340 shares trading hands.

NXG Cushing Midstream Energy Fund Price Performance

The stock has a 50 day moving average of $43.63 and a 200 day moving average of $42.63.

NXG Cushing Midstream Energy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 2nd will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 2nd. This represents a c) annualized dividend and a dividend yield of 12.9%.

Insider Activity at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, Director John Alban purchased 750 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was bought at an average cost of $42.49 per share, with a total value of $31,867.50. Following the transaction, the director directly owned 750 shares in the company, valued at approximately $31,867.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC increased its stake in NXG Cushing Midstream Energy Fund by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 525 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $453,000. Cornerstone Advisors LLC lifted its position in NXG Cushing Midstream Energy Fund by 2.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock valued at $1,196,000 after acquiring an additional 500 shares in the last quarter. Keener Financial Planning LLC purchased a new stake in NXG Cushing Midstream Energy Fund during the 3rd quarter valued at $50,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter worth $271,000.

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.