NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.68 and traded as high as $47.09. NXG Cushing Midstream Energy Fund shares last traded at $46.99, with a volume of 17,642 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The firm’s 50 day moving average is $43.95 and its two-hundred day moving average is $42.68.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 4th will be given a $0.45 dividend. This represents a $5.40 annualized dividend and a yield of 11.49%. The ex-dividend date of this dividend is Monday, November 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SRV. PSI Advisors LLC boosted 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 valued at $49,000 after acquiring an additional 250 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at approximately $204,000. HighPoint Advisor Group LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $197,000. Commonwealth Equity Services LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 28.3% in the second quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock valued at $277,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at approximately $293,000.

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.