NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above 200-Day Moving Average of $38.42

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.42 and traded as high as $42.01. NXG Cushing Midstream Energy Fund shares last traded at $41.75, with a volume of 27,943 shares.

NXG Cushing Midstream Energy Fund Price Performance

The business’s 50-day simple moving average is $41.70 and its two-hundred day simple moving average is $38.42.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $5.40 dividend on an annualized basis and a yield of 12.93%.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of institutional investors have recently modified their holdings of SRV. Virtu Financial LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $346,000. Axxcess Wealth Management LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at approximately $293,000. HighPoint Advisor Group LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $197,000. Janney Montgomery Scott LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at approximately $204,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $124,000.

NXG Cushing Midstream Energy Fund Company Profile

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.