NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above Two Hundred Day Moving Average After Insider Selling

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares passed above its two hundred day moving average during trading on Thursday following insider buying activity. The stock has a two hundred day moving average of $43.27 and traded as high as $45.14. NXG Cushing Midstream Energy Fund shares last traded at $44.75, with a volume of 44,161 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Down 0.1 %

The stock’s fifty day simple moving average is $44.56 and its two-hundred day simple moving average is $43.27.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.45 dividend. This represents a $5.40 annualized dividend and a dividend yield of 12.07%. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of institutional investors have recently added to or reduced their stakes in SRV. PSI Advisors LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 27.0% in the 2nd 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 period. Commonwealth Equity Services LLC increased its position in NXG Cushing Midstream Energy Fund by 28.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock worth $277,000 after purchasing an additional 1,474 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in NXG Cushing Midstream Energy Fund in the third quarter valued at approximately $570,000.

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.