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

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.63 and traded as high as $47.01. NXG Cushing Midstream Energy Fund shares last traded at $47.01, with a volume of 47,696 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The business has a fifty day simple moving average of $44.42 and a 200 day simple moving average of $43.63.

NXG Cushing Midstream Energy Fund Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were issued a dividend of $0.3148 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a yield of 13.1%.

Insider Transactions at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, insider John Alban sold 1,090 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total transaction of $48,788.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John M. Musgrave bought 773 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was bought at an average price of $41.80 per share, with a total value of $32,311.40. Following the purchase, the chief executive officer now owns 3,095 shares in the company, valued at $129,371. This trade represents a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 968 shares of company stock worth $40,462 in the last ninety days.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

An institutional investor recently raised its position in NXG Cushing Midstream Energy Fund stock. Commonwealth Equity Services LLC lifted its holdings in shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) by 28.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,680 shares of the investment management company’s stock after acquiring an additional 1,474 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NXG Cushing Midstream Energy Fund were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

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.