NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.79 and traded as high as $43.88. NXG Cushing Midstream Energy Fund shares last traded at $43.46, with a volume of 24,259 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Down 0.2%

The company’s fifty day moving average price is $42.66 and its two-hundred day moving average price is $41.79.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a $0.45 dividend. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Monday, November 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in shares of NXG Cushing Midstream Energy Fund by 44.0% in the fourth quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock worth $900,000 after purchasing an additional 6,185 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of NXG Cushing Midstream Energy Fund by 65.4% in the fourth quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock worth $143,000 after purchasing an additional 1,275 shares in the last quarter. Armis Advisers LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter worth $212,000. PSI Advisors LLC lifted its position in shares of NXG Cushing Midstream Energy Fund by 24.0% in the first quarter. PSI Advisors LLC now owns 1,550 shares of the investment management company’s stock worth $68,000 after purchasing an additional 300 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of NXG Cushing Midstream Energy Fund by 32.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,012 shares of the investment management company’s stock worth $1,539,000 after purchasing an additional 8,524 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.