NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above 200 Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.80 and traded as high as $45.01. NXG Cushing Midstream Energy Fund shares last traded at $44.18, with a volume of 20,883 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The firm has a 50-day moving average of $45.25 and a 200-day moving average of $44.80.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were issued a $0.45 dividend. This represents a dividend yield of 11.39%. The ex-dividend date of this dividend was Tuesday, February 18th.

Insider Buying and Selling

In related news, insider Jerry V. Swank sold 3,656 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total value of $170,991.12. Following the sale, the insider now directly owns 6,529 shares in the company, valued at approximately $305,361.33. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several institutional investors have recently added to or reduced their stakes in SRV. Sit Investment Associates Inc. grew its holdings in shares of NXG Cushing Midstream Energy Fund by 3,678.4% in the fourth quarter. Sit Investment Associates Inc. now owns 292,675 shares of the investment management company’s stock valued at $13,018,000 after purchasing an additional 284,929 shares in the last quarter. LPL Financial LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 10.3% in the 4th quarter. LPL Financial LLC now owns 55,781 shares of the investment management company’s stock worth $2,481,000 after buying an additional 5,221 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of NXG Cushing Midstream Energy Fund by 71.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 21,657 shares of the investment management company’s stock worth $963,000 after buying an additional 9,002 shares during the last quarter. Stifel Financial Corp raised its position in shares of NXG Cushing Midstream Energy Fund by 44.0% during the 4th quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock valued at $900,000 after buying an additional 6,185 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at about $594,000.

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.