NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Passes Above 200-Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.43 and traded as high as $45.84. NXG Cushing Midstream Energy Fund shares last traded at $45.58, with a volume of 51,834 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Up 1.2 %

The stock has a 50 day simple moving average of $43.83 and a two-hundred day simple moving average of $43.43.

NXG Cushing Midstream Energy Fund Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.3148 per share. This represents a dividend yield of 13.1%. The ex-dividend date of this dividend was Friday, December 27th.

Insider Activity at NXG Cushing Midstream Energy Fund

In related news, insider John Alban sold 1,090 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John M. Musgrave acquired 773 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was bought at an average price of $41.80 per share, with a total value of $32,311.40. Following the purchase, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at $129,371. This represents a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 968 shares of company stock valued at $40,462 over the last three months.

Institutional Trading of NXG Cushing Midstream Energy Fund

An institutional investor recently raised its position in NXG Cushing Midstream Energy Fund stock. Commonwealth Equity Services LLC boosted its position in shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,680 shares of the investment management company’s stock after buying an additional 1,474 shares during the period. Commonwealth Equity Services LLC’s holdings in NXG Cushing Midstream Energy Fund were worth $277,000 as of its most recent SEC filing.

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.