NXG NextGen Infrastructure Income Fund (NYSE:NXG) Trading Up 2.5% – Should You Buy?

Posted by Joseph Casey on Dec 26th, 2024

NXG NextGen Infrastructure Income Fund (NYSE:NXG – Get Free Report)’s share price rose 2.5% during trading on Tuesday . The company traded as high as $44.16 and last traded at $43.98. Approximately 24,913 shares traded hands during trading, a decline of 22% from the average daily volume of 31,878 shares. The stock had previously closed at $42.91.

NXG NextGen Infrastructure Income Fund Stock Performance

The stock’s 50 day moving average is $46.23 and its two-hundred day moving average is $42.53.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 14.73%. NXG NextGen Infrastructure Income Fund’s payout ratio is -2,700.00%.

Institutional Trading of NXG NextGen Infrastructure Income Fund

A number of institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the third quarter valued at approximately $294,000. Private Advisor Group LLC acquired a new position in shares of NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at $329,000. J.W. Cole Advisors Inc. acquired a new position in shares of NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at $671,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at $202,000.

About NXG NextGen Infrastructure Income Fund

(Get Free Report)

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.