NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.17 and traded as high as $43.39. NXG Cushing Midstream Energy Fund shares last traded at $43.16, with a volume of 73,684 shares trading hands.

NXG Cushing Midstream Energy Fund Trading Down 1.6%

The business has a fifty day moving average of $40.32 and a 200 day moving average of $42.17.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 12.5%.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several large investors have recently added to or reduced their stakes in SRV. Kovack Advisors Inc. acquired a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $2,056,000. Osaic Holdings Inc. increased its position in shares of NXG Cushing Midstream Energy Fund by 17.5% during the fourth quarter. Osaic Holdings Inc. now owns 36,792 shares of the investment management company’s stock worth $1,437,000 after acquiring an additional 5,481 shares during the period. Royal Bank of Canada raised its stake in shares of NXG Cushing Midstream Energy Fund by 3.3% in the fourth quarter. Royal Bank of Canada now owns 12,444 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 400 shares in the last quarter. Stifel Financial Corp raised its stake in shares of NXG Cushing Midstream Energy Fund by 2.5% in the fourth quarter. Stifel Financial Corp now owns 20,328 shares of the investment management company’s stock valued at $794,000 after acquiring an additional 501 shares in the last quarter. Finally, Quarry LP purchased a new position in NXG Cushing Midstream Energy Fund in the fourth quarter valued at $598,000.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.