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) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.30 and traded as high as $44.12. NXG Cushing Midstream Energy Fund shares last traded at $42.3050, with a volume of 184,343 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Performance

The stock’s 50-day moving average is $43.10 and its 200-day moving average is $42.30.

NXG Cushing Midstream Energy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued 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 12.6%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Large investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth about $12,620,000. Absolute Investment Advisers LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth about $2,929,000. Kovack Advisors Inc. acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter worth approximately $2,056,000. Summit Financial LLC boosted its position in shares of NXG Cushing Midstream Energy Fund by 17.5% in the fourth quarter. Summit Financial LLC now owns 50,867 shares of the investment management company’s stock worth $1,986,000 after acquiring an additional 7,589 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in NXG Cushing Midstream Energy Fund by 11.6% in the third quarter. J.W. Cole Advisors Inc. now owns 37,895 shares of the investment management company’s stock valued at $1,741,000 after purchasing an additional 3,940 shares during the period.

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.