NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses 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 Tuesday . The stock has a 200-day moving average of $43.37 and traded as high as $50.30. NXG Cushing Midstream Energy Fund shares last traded at $48.3810, with a volume of 45,883 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The business’s 50-day moving average is $46.78 and its 200-day moving average is $43.37.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.50 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in NXG Cushing Midstream Energy Fund during the first quarter valued at $25,000. Raymond James Financial Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the second quarter valued at $42,000. Keener Financial Planning LLC purchased a new position in NXG Cushing Midstream Energy Fund during the third quarter valued at $50,000. Symphony Financial Services Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the fourth quarter valued at $207,000. Finally, Janney Montgomery Scott LLC raised its stake in NXG Cushing Midstream Energy Fund by 20.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock valued at $245,000 after buying an additional 1,076 shares during 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.