NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200 Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.86 and traded as high as $43.22. NXG Cushing Midstream Energy Fund shares last traded at $42.15, with a volume of 29,807 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Up 0.4%

The stock has a 50 day moving average of $44.03 and a 200-day moving average of $41.86.

NXG Cushing Midstream Energy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of NXG Cushing Midstream Energy Fund during the second quarter valued at about $42,000. Private Advisor Group LLC increased its position in shares of NXG Cushing Midstream Energy Fund by 18.7% during the first quarter. Private Advisor Group LLC now owns 6,828 shares of the investment management company’s stock valued at $300,000 after buying an additional 1,078 shares during the period. Stratos Wealth Advisors LLC increased its position in shares of NXG Cushing Midstream Energy Fund by 34.9% during the second quarter. Stratos Wealth Advisors LLC now owns 6,964 shares of the investment management company’s stock valued at $295,000 after buying an additional 1,800 shares during the period. Cornerstone Advisors LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter valued at about $105,000. Finally, J.W. Cole Advisors Inc. increased its position in shares of NXG Cushing Midstream Energy Fund by 20.1% during 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.

About NXG Cushing Midstream Energy Fund

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.