NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.76 and traded as high as $44.04. NXG Cushing Midstream Energy Fund shares last traded at $44.00, with a volume of 27,674 shares trading hands.

NXG Cushing Midstream Energy Fund Price Performance

The business has a 50 day moving average of $44.04 and a 200 day moving average of $42.77.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be paid a $0.45 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 12.27%. The ex-dividend date is Monday, November 4th.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several institutional investors have recently made changes to their positions in SRV. PSI Advisors LLC lifted its stake in NXG Cushing Midstream Energy Fund by 27.0% during 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 during the period. Janney Montgomery Scott LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 1st quarter valued at approximately $204,000. Commonwealth Equity Services LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 28.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock worth $277,000 after buying an additional 1,474 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 1st quarter worth approximately $293,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the 3rd quarter valued at $570,000.

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.