NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.16 and traded as high as $44.23. NXG Cushing Midstream Energy Fund shares last traded at $43.39, with a volume of 65,720 shares traded.

NXG Cushing Midstream Energy Fund Trading Down 0.6%

The stock has a fifty day moving average of $41.18 and a two-hundred day moving average of $42.16.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently announced 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 is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the 2nd quarter valued at about $42,000. Parkside Financial Bank & Trust acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the third quarter valued at approximately $46,000. Keener Financial Planning LLC bought a new position in NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $50,000. Symphony Financial Services Inc. bought a new position in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $207,000. Finally, Janney Montgomery Scott LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 20.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock worth $245,000 after buying an additional 1,076 shares in the last quarter.

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.