NXG NextGen Infrastructure Income Fund (NYSE:NXG) Stock Price Up 0% – Here’s Why

NXG NextGen Infrastructure Income Fund (NYSE:NXG)’s stock price was up 0% on Tuesday . The stock traded as high as $48.43 and last traded at $47.9290. Approximately 31,138 shares were traded during trading, a decline of 30% from the average daily volume of 44,717 shares. The stock had previously closed at $47.91.

NXG NextGen Infrastructure Income Fund Stock Performance

The company has a 50-day moving average of $49.13 and a 200-day moving average of $48.49.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a $0.54 dividend. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date was Wednesday, October 15th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,700.00%.

Insider Activity at NXG NextGen Infrastructure Income Fund

In related news, Director John Alban acquired 1,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was bought at an average cost of $50.38 per share, with a total value of $50,380.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $50,380. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors have recently bought and sold shares of the business. Cornerstone Advisors LLC purchased a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter worth $3,919,000. Landscape Capital Management L.L.C. acquired a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter valued at about $1,697,000. Janney Montgomery Scott LLC increased its position in shares of NXG NextGen Infrastructure Income Fund by 39.9% during the second quarter. Janney Montgomery Scott LLC now owns 55,482 shares of the company’s stock worth $2,790,000 after acquiring an additional 15,830 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of NXG NextGen Infrastructure Income Fund by 32.5% in the second quarter. Guggenheim Capital LLC now owns 42,779 shares of the company’s stock worth $2,151,000 after acquiring an additional 10,496 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in NXG NextGen Infrastructure Income Fund by 63.3% in the second quarter. Valeo Financial Advisors LLC now owns 16,069 shares of the company’s stock valued at $808,000 after purchasing an additional 6,227 shares during the last quarter.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.