NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200 Day Moving Average of $37.02

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.02 and traded as high as $41.76. NXG Cushing Midstream Energy Fund shares last traded at $40.98, with a volume of 28,625 shares traded.

NXG Cushing Midstream Energy Fund Trading Down 0.0 %

The firm has a 50-day moving average of $40.16 and a 200-day moving average of $37.02.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 13.48%. This is a boost from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $34,000. Axxcess Wealth Management LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 28.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 7,117 shares of the investment management company’s stock worth $259,000 after buying an additional 1,559 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $124,000. HighPoint Advisor Group LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $197,000. Finally, Virtu Financial LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $346,000.

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.