NXG NextGen Infrastructure Income Fund (NYSE:NXG) Shares Up 2.5% – What’s Next?

NXG NextGen Infrastructure Income Fund (NYSE:NXG)’s stock price rose 2.5% during trading on Tuesday . The company traded as high as $44.16 and last traded at $43.98. Approximately 24,913 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 31,878 shares. The stock had previously closed at $42.91.

NXG NextGen Infrastructure Income Fund Price Performance

The stock’s fifty day moving average is $46.23 and its 200 day moving average is $42.52.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a $0.54 dividend. This represents a $6.48 annualized dividend and a dividend yield of 14.73%. The ex-dividend date of this dividend is Thursday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is currently -2,700.00%.

Institutional Trading of NXG NextGen Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in NXG. Oppenheimer & Co. Inc. bought a new stake in shares of NXG NextGen Infrastructure Income Fund during the third quarter worth $202,000. Private Advisor Group LLC bought a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at about $329,000. J.W. Cole Advisors Inc. bought a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at about $671,000. Finally, Valeo Financial Advisors LLC purchased a new stake in NXG NextGen Infrastructure Income Fund in the 3rd quarter valued at about $294,000.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.