NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Pass Above 200-Day Moving Average of $38.71

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.71 and traded as high as $42.26. NXG Cushing Midstream Energy Fund shares last traded at $41.48, with a volume of 38,739 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Down 0.6 %

The stock has a fifty day moving average price of $41.99 and a 200-day moving average price of $38.71.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently declared 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 is Thursday, August 15th. This represents a $5.40 dividend on an annualized basis and a yield of 13.02%.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, insider John Alban sold 1,000 shares of NXG Cushing Midstream Energy Fund stock in a transaction on Friday, June 21st. The stock was sold at an average price of $41.74, for a total value of $41,740.00. Following the completion of the transaction, the insider now owns 890 shares in the company, valued at approximately $37,148.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Axxcess Wealth Management LLC acquired a new position in NXG Cushing Midstream Energy Fund during the 1st quarter valued at about $293,000. Janney Montgomery Scott LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter worth approximately $204,000. HighPoint Advisor Group LLC acquired a new position in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $197,000. Virtu Financial LLC acquired a new position in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $346,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in 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.