NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.80 and traded as high as $45.01. NXG Cushing Midstream Energy Fund shares last traded at $44.18, with a volume of 20,883 shares.

NXG Cushing Midstream Energy Fund Trading Down 1.3 %

The company’s fifty day simple moving average is $45.35 and its 200-day simple moving average is $44.80.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 18th. This represents a dividend yield of 11.39%.

Insider Activity at NXG Cushing Midstream Energy Fund

In related news, insider Jerry V. Swank sold 3,656 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total transaction of $170,991.12. Following the sale, the insider now owns 6,529 shares of the company’s stock, valued at $305,361.33. This trade represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

A number of large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its position in shares of NXG Cushing Midstream Energy Fund by 65.4% during the fourth quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock worth $143,000 after purchasing an additional 1,275 shares in the last quarter. Armis Advisers LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth $212,000. Stratos Wealth Advisors LLC purchased a new position in NXG Cushing Midstream Energy Fund during the 4th quarter worth $221,000. Private Advisor Group LLC acquired a new position in NXG Cushing Midstream Energy Fund during the 4th quarter valued at about $256,000. Finally, Level Four Advisory Services LLC acquired a new position in NXG Cushing Midstream Energy Fund during the 4th quarter valued at about $347,000.

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.