NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200-Day Moving Average of $41.99

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $41.99 and traded as high as $43.85. NXG Cushing Midstream Energy Fund shares last traded at $43.84, with a volume of 14,949 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The firm has a fifty day moving average price of $42.53 and a two-hundred day moving average price of $41.99.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $5.40 annualized dividend and a yield of 12.32%.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several large investors have recently added to or reduced their stakes in the business. PSI Advisors LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 27.0% during the 2nd quarter. PSI Advisors LLC now owns 1,175 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 250 shares during the period. Janney Montgomery Scott LLC purchased a new position in NXG Cushing Midstream Energy Fund during the first quarter valued at approximately $204,000. HighPoint Advisor Group LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the fourth quarter worth approximately $197,000. Commonwealth Equity Services LLC increased its stake in shares of 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 in the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the 1st quarter valued at $293,000.

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.