NXG NextGen Infrastructure Income Fund (NYSE:NXG) Trading 0.5% Higher – What’s Next?

NXG NextGen Infrastructure Income Fund (NYSE:NXG) traded up 0.5% during mid-day trading on Friday . The stock traded as high as $48.86 and last traded at $48.59. 30,612 shares were traded during mid-day trading, a decline of 32% from the average session volume of 44,735 shares. The stock had previously closed at $48.34.

NXG NextGen Infrastructure Income Fund Price Performance

The company’s 50 day simple moving average is $47.82 and its 200-day simple moving average is $47.03.

NXG NextGen Infrastructure Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 13.3%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is presently -2,700.00%.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. increased its position in shares of NXG NextGen Infrastructure Income Fund by 5.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,750 shares of the company’s stock worth $223,000 after acquiring an additional 250 shares during the period. Stratos Wealth Advisors LLC increased its position in shares of NXG NextGen Infrastructure Income Fund by 7.0% during the second quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock worth $307,000 after acquiring an additional 400 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of NXG NextGen Infrastructure Income Fund by 1.9% during the second quarter. Ausdal Financial Partners Inc. now owns 25,573 shares of the company’s stock worth $1,286,000 after acquiring an additional 482 shares during the period. Elequin Capital LP purchased a new position in shares of NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $51,000. Finally, US Bancorp DE purchased a new position in shares of NXG NextGen Infrastructure Income Fund during the first quarter worth approximately $66,000.

About NXG NextGen Infrastructure Income Fund

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.