NXG Cushing Midstream Energy Fund (NYSE:SRV) Announces Monthly Dividend of $0.50

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Investors of record on Monday, November 16th will be given a dividend of 0.50 per share by the investment management company on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Monday, November 16th.

NXG Cushing Midstream Energy Fund Trading Up 0.6%

SRV traded up $0.25 on Tuesday, hitting $45.10. 51,950 shares of the company were exchanged, compared to its average volume of 61,731. The firm has a 50-day moving average price of $47.77 and a two-hundred day moving average price of $46.49. NXG Cushing Midstream Energy Fund has a twelve month low of $38.11 and a twelve month high of $51.54.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $42,000. Private Advisor Group LLC grew its holdings in shares of NXG Cushing Midstream Energy Fund by 9.4% during the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after purchasing an additional 525 shares during the last quarter. Janney Montgomery Scott LLC increased its position in NXG Cushing Midstream Energy Fund by 20.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after buying an additional 1,076 shares during the period. Kovack Advisors Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at $2,056,000. Finally, Sit Investment Associates Inc. purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter valued at $12,620,000.

About NXG Cushing Midstream Energy Fund

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.