NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.30 and traded as high as $44.12. NXG Cushing Midstream Energy Fund shares last traded at $42.3050, with a volume of 184,343 shares changing hands.

NXG Cushing Midstream Energy Fund Price Performance

The stock has a 50 day moving average of $43.03 and a 200-day moving average of $42.30.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in NXG Cushing Midstream Energy Fund by 3.3% during the 4th quarter. Royal Bank of Canada now owns 12,444 shares of the investment management company’s stock worth $486,000 after buying an additional 400 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 2.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock valued at $1,196,000 after acquiring an additional 500 shares during the last quarter. Stifel Financial Corp increased 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 worth $794,000 after acquiring an additional 501 shares during the period. Private Advisor Group LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 9.4% during the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after purchasing an additional 525 shares during the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in shares of NXG Cushing Midstream Energy Fund during the third quarter worth $46,000.

About NXG Cushing Midstream Energy Fund

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.