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

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.92 and traded as high as $43.87. NXG Cushing Midstream Energy Fund shares last traded at $43.58, with a volume of 74,150 shares.

NXG Cushing Midstream Energy Fund Trading Up 0.3 %

The business’s 50-day moving average is $44.14 and its two-hundred day moving average is $42.92.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be given a $0.45 dividend. The ex-dividend date is Monday, November 4th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 12.39%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. J.W. Cole Advisors Inc. purchased a new stake in NXG Cushing Midstream Energy Fund in the third quarter worth about $570,000. Axxcess Wealth Management LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 1st quarter valued at approximately $293,000. Janney Montgomery Scott LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter valued at approximately $204,000. Commonwealth Equity Services LLC grew its stake in NXG Cushing Midstream Energy Fund by 28.3% in the second quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock worth $277,000 after purchasing an additional 1,474 shares during the period. Finally, PSI Advisors LLC raised its holdings in NXG Cushing Midstream Energy Fund by 27.0% in the second quarter. PSI Advisors LLC now owns 1,175 shares of the investment management company’s stock worth $49,000 after purchasing an additional 250 shares in the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

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.