NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above 200-Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.94 and traded as high as $49.50. NXG Cushing Midstream Energy Fund shares last traded at $48.4550, with a volume of 59,490 shares.

NXG Cushing Midstream Energy Fund Trading Down 1.8%

The stock’s 50-day simple moving average is $47.68 and its two-hundred day simple moving average is $43.94.

NXG Cushing Midstream Energy Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SRV. Fifth Third Bancorp purchased a new position in NXG Cushing Midstream Energy Fund in the 1st quarter valued at about $25,000. Raymond James Financial Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $42,000. Symphony Financial Services Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $207,000. Private Advisor Group LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 9.4% during the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock valued at $282,000 after acquiring an additional 525 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of 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 acquiring an additional 1,076 shares during the last quarter.

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.