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

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.92 and traded as high as $43.87. NXG Cushing Midstream Energy Fund shares last traded at $43.58, with a volume of 74,150 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The business’s 50 day simple moving average is $44.21 and its two-hundred day simple moving average is $42.97.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be given a dividend of $0.45 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date is Monday, November 4th.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the third quarter valued at $570,000. Commonwealth Equity Services LLC grew its position in shares of NXG Cushing Midstream Energy Fund by 28.3% during the second quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock valued at $277,000 after purchasing an additional 1,474 shares in the last quarter. PSI Advisors LLC increased its holdings in shares of NXG Cushing Midstream Energy Fund by 27.0% in the second quarter. PSI Advisors LLC now owns 1,175 shares of the investment management company’s stock worth $49,000 after purchasing an additional 250 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the first quarter worth about $293,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of NXG Cushing Midstream Energy Fund in the first quarter worth about $204,000.

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.