NXG NextGen Infrastructure Income Fund (NYSE:NXG) Trading Up 0.7% – Here’s What Happened

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was up 0.7% during mid-day trading on Wednesday . The company traded as high as $50.72 and last traded at $50.1950. Approximately 23,037 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 44,868 shares. The stock had previously closed at $49.83.

NXG NextGen Infrastructure Income Fund Trading Up 0.7%

The firm has a fifty day simple moving average of $49.37 and a 200 day simple moving average of $48.80.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $0.54 per share. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date is Friday, January 16th. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,700.00%.

Insider Buying and Selling

In other NXG NextGen Infrastructure Income Fund news, Director John Alban purchased 1,000 shares of NXG NextGen Infrastructure Income Fund stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average price of $50.38 per share, for a total transaction of $50,380.00. Following the acquisition, the director owned 1,000 shares in the company, valued at $50,380. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Institutional investors have recently bought and sold shares of the business. Keener Financial Planning LLC bought a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at $146,000. Invesco Ltd. bought a new stake in NXG NextGen Infrastructure Income Fund during the first quarter valued at about $225,000. Wolverine Asset Management LLC purchased a new position in NXG NextGen Infrastructure Income Fund in the third quarter valued at about $240,000. Stratos Wealth Advisors LLC grew its stake in NXG NextGen Infrastructure Income Fund by 7.0% in the second quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock valued at $307,000 after purchasing an additional 400 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in NXG NextGen Infrastructure Income Fund by 70.1% in the third quarter. Oppenheimer & Co. Inc. now owns 8,082 shares of the company’s stock worth $394,000 after purchasing an additional 3,332 shares in the last quarter.

NXG NextGen Infrastructure Income Fund Company Profile

NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-end management investment company that seeks to provide shareholders with high current income and, to a lesser extent, capital appreciation by investing primarily in infrastructure-related assets. The fund’s portfolio typically includes debt and equity securities issued by companies operating in energy, utilities, transportation and communications infrastructure sectors. NXG’s investment strategy blends fixed income instruments—such as corporate bonds and preferred stock—with select equity holdings to build a diversified income-oriented portfolio.

To pursue its objectives, NXG combines thorough credit analysis and sector allocation with active risk management.