NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200-Day Moving Average – Here’s What Happened

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.68 and traded as high as $45.80. NXG Cushing Midstream Energy Fund shares last traded at $44.67, with a volume of 51,926 shares traded.

NXG Cushing Midstream Energy Fund Price Performance

The company has a fifty day moving average price of $45.96 and a 200-day moving average price of $44.68.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a yield of 11.39%.

Insiders Place Their Bets

In other NXG Cushing Midstream Energy Fund news, insider Jerry V. Swank sold 3,656 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total transaction of $170,991.12. Following the sale, the insider now owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This trade represents a 35.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Alban sold 1,090 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of institutional investors have recently made changes to their positions in SRV. CoreCap Advisors LLC grew its stake in NXG Cushing Midstream Energy Fund by 65.4% during the 4th quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 1,275 shares during the last quarter. Stifel Financial Corp grew its stake in NXG Cushing Midstream Energy Fund by 44.0% in the 4th quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock valued at $900,000 after acquiring an additional 6,185 shares during the period. Sit Investment Associates Inc. increased its stake in shares of NXG Cushing Midstream Energy Fund by 3,678.4% during the fourth quarter. Sit Investment Associates Inc. now owns 292,675 shares of the investment management company’s stock worth $13,018,000 after purchasing an additional 284,929 shares in the last quarter. Level Four Advisory Services LLC purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $347,000. Finally, LPL Financial LLC increased its position in shares of NXG Cushing Midstream Energy Fund by 10.3% during the fourth quarter. LPL Financial LLC now owns 55,781 shares of the investment management company’s stock worth $2,481,000 after purchasing an additional 5,221 shares in the last quarter.

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.