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

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.19 and traded as high as $44.97. NXG Cushing Midstream Energy Fund shares last traded at $44.2050, with a volume of 65,962 shares.

NXG Cushing Midstream Energy Fund Stock Down 1.4%

The company’s fifty day moving average is $41.81 and its two-hundred day moving average is $42.19.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 12.2%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 963.7% during the second quarter. Cornerstone Advisors LLC now owns 25,528 shares of the investment management company’s stock worth $1,081,000 after purchasing an additional 23,128 shares during the period. J.W. Cole Advisors Inc. lifted its stake in NXG Cushing Midstream Energy Fund by 20.1% in the second quarter. J.W. Cole Advisors Inc. now owns 33,955 shares of the investment management company’s stock valued at $1,438,000 after buying an additional 5,672 shares during the period. Raymond James Financial Inc. bought a new position in NXG Cushing Midstream Energy Fund during the second quarter worth about $42,000. Osaic Holdings Inc. boosted its holdings in NXG Cushing Midstream Energy Fund by 29.2% during the second quarter. Osaic Holdings Inc. now owns 33,184 shares of the investment management company’s stock worth $1,405,000 after buying an additional 7,492 shares during the last quarter. Finally, NWF Advisory Services Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund during the 2nd quarter worth about $302,000.

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.