NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.76 and traded as high as $51.54. NXG Cushing Midstream Energy Fund shares last traded at $49.9750, with a volume of 111,541 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Down 0.3%

The firm has a fifty day moving average price of $48.66 and a two-hundred day moving average price of $44.76.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.50 dividend. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Trading of NXG Cushing Midstream Energy Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund during the second quarter valued at $42,000. Private Advisor Group LLC increased its stake in NXG Cushing Midstream Energy Fund by 9.4% in the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after buying an additional 525 shares during the period. Focus Financial Network Inc. increased its stake in NXG Cushing Midstream Energy Fund by 61.1% in the 4th quarter. Focus Financial Network Inc. now owns 12,102 shares of the investment management company’s stock worth $473,000 after buying an additional 4,590 shares during the period. Stratos Wealth Advisors LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 33.3% during the 4th quarter. Stratos Wealth Advisors LLC now owns 9,285 shares of the investment management company’s stock valued at $363,000 after buying an additional 2,321 shares in the last quarter. Finally, Absolute Investment Advisers LLC bought a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at about $2,929,000.

NXG Cushing Midstream Energy Fund Company Profile

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.