NXG NextGen Infrastructure Income Fund (NYSE:NXG) Trading Up 0.7% – Here’s What Happened

NXG NextGen Infrastructure Income Fund (NYSE:NXG)’s share price rose 0.7% on Wednesday . The company traded as high as $50.72 and last traded at $50.1950. Approximately 23,037 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 44,868 shares. The stock had previously closed at $49.83.

NXG NextGen Infrastructure Income Fund Stock Performance

The company has a 50-day moving average of $49.37 and a 200-day moving average of $48.80.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 12.9%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is -2,700.00%.

Insider Activity at NXG NextGen Infrastructure Income Fund

In related news, Director John Alban bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $50.38 per share, for a total transaction of $50,380.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $50,380. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On NXG NextGen Infrastructure Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the first quarter valued at $225,000. Baird Financial Group Inc. lifted its position in NXG NextGen Infrastructure Income Fund by 7.1% during the 1st quarter. Baird Financial Group Inc. now owns 26,664 shares of the company’s stock worth $1,255,000 after acquiring an additional 1,779 shares during the period. Janney Montgomery Scott LLC grew its stake in NXG NextGen Infrastructure Income Fund by 39.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 55,482 shares of the company’s stock valued at $2,790,000 after purchasing an additional 15,830 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in NXG NextGen Infrastructure Income Fund by 7.0% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 6,099 shares of the company’s stock valued at $307,000 after purchasing an additional 400 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of NXG NextGen Infrastructure Income Fund by 11.8% in the second quarter. J.W. Cole Advisors Inc. now owns 34,546 shares of the company’s stock valued at $1,737,000 after purchasing an additional 3,655 shares during the period.

NXG NextGen Infrastructure Income Fund Company Profile

NextGen Infrastructure Income Fund (NYSE: NXG) is a closed-end management investment company that seeks to provide shareholders with high current income and, to a lesser extent, capital appreciation by investing primarily in infrastructure-related assets. The fund’s portfolio typically includes debt and equity securities issued by companies operating in energy, utilities, transportation and communications infrastructure sectors. NXG’s investment strategy blends fixed income instruments—such as corporate bonds and preferred stock—with select equity holdings to build a diversified income-oriented portfolio.

To pursue its objectives, NXG combines thorough credit analysis and sector allocation with active risk management.