NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.91 and traded as high as $49.93. NXG Cushing Midstream Energy Fund shares last traded at $49.46, with a volume of 52,150 shares changing hands.

NXG Cushing Midstream Energy Fund Trading Up 1.1 %

The firm has a 50-day moving average of $45.06 and a two-hundred day moving average of $43.91.

NXG Cushing Midstream Energy Fund Cuts Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A hedge fund recently raised its stake in NXG Cushing Midstream Energy Fund stock. Commonwealth Equity Services LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,680 shares of the investment management company’s stock after buying 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 SEC filing.

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.