NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above 200 Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.57 and traded as high as $49.79. NXG Cushing Midstream Energy Fund shares last traded at $49.6350, with a volume of 27,822 shares.

NXG Cushing Midstream Energy Fund Trading Down 2.3%

The stock’s fifty day moving average is $45.38 and its two-hundred day moving average is $42.68.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of large investors have recently added to or reduced their stakes in SRV. Sit Investment Associates Inc. bought a new stake in NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $12,620,000. Absolute Investment Advisers LLC bought a new stake in NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $2,929,000. Kovack Advisors Inc. bought a new stake in NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $2,056,000. NWF Advisory Services Inc. boosted its stake in NXG Cushing Midstream Energy Fund by 106.9% in the 1st quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock worth $1,431,000 after purchasing an additional 16,620 shares during the period. Finally, Quarry LP acquired a new position in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $598,000.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.