NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200-Day Moving Average of $36.76

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.76 and traded as high as $39.44. NXG Cushing Midstream Energy Fund shares last traded at $39.28, with a volume of 17,868 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The company’s 50 day simple moving average is $39.39 and its 200-day simple moving average is $36.76.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.45 dividend. This represents a dividend yield of 13.48%. The ex-dividend date was Thursday, March 14th. This is a boost from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $34,000. Captrust Financial Advisors purchased a new stake in NXG Cushing Midstream Energy Fund during the 2nd quarter valued at approximately $45,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at approximately $124,000. UBS Group AG grew its holdings in shares of NXG Cushing Midstream Energy Fund by 166.0% in the first quarter. UBS Group AG now owns 5,201 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 3,246 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at $197,000.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.