NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above 200 Day Moving Average – Here’s What Happened

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.45 and traded as high as $47.34. NXG Cushing Midstream Energy Fund shares last traded at $47.32, with a volume of 19,133 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The firm has a fifty day moving average price of $43.31 and a two-hundred day moving average price of $42.45.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.45 per share. This represents a $5.40 annualized dividend and a yield of 11.41%. The ex-dividend date is Friday, November 15th.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in NXG Cushing Midstream Energy Fund by 28.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock worth $277,000 after acquiring an additional 1,474 shares during the last quarter. PSI Advisors LLC increased 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 valued at $49,000 after acquiring an additional 250 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of NXG Cushing Midstream Energy Fund during the 1st quarter worth approximately $293,000. Janney Montgomery Scott LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the first quarter valued at about $204,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter valued at $197,000.

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.