NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Crosses Above 200 Day Moving Average of $36.51

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $36.51 and traded as high as $44.30. NXG Cushing Midstream Energy Fund shares last traded at $44.22, with a volume of 17,085 shares changing hands.

NXG Cushing Midstream Energy Fund Price Performance

The firm’s fifty day moving average price is $38.09 and its 200 day moving average price is $36.48.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a dividend yield of 13.48%. This is a positive change from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SRV. PNC Financial Services Group Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $34,000. Captrust Financial Advisors bought a new position in shares of NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $45,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $124,000. UBS Group AG raised its stake in shares of NXG Cushing Midstream Energy Fund by 15.6% during the 2nd quarter. UBS Group AG now owns 6,012 shares of the investment management company’s stock worth $167,000 after acquiring an additional 811 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in NXG Cushing Midstream Energy Fund during the 4th quarter valued at approximately $197,000.

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.