NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above 200 Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.16 and traded as high as $43.35. NXG Cushing Midstream Energy Fund shares last traded at $42.9550, with a volume of 76,961 shares.

NXG Cushing Midstream Energy Fund Trading Down 0.5%

The company’s 50-day moving average is $40.72 and its two-hundred day moving average is $42.16.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.45 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, May 15th.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. bought a new position in NXG Cushing Midstream Energy Fund during the fourth quarter valued at $12,620,000. Kovack Advisors Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth $2,056,000. Osaic Holdings Inc. grew its stake in shares of NXG Cushing Midstream Energy Fund by 17.5% during the 4th 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 increased its holdings in NXG Cushing Midstream Energy Fund by 3.3% in the 4th quarter. Royal Bank of Canada now owns 12,444 shares of the investment management company’s stock worth $486,000 after acquiring an additional 400 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in NXG Cushing Midstream Energy Fund by 2.5% in the 4th 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 during the period.

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.