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

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.92 and traded as high as $43.87. NXG Cushing Midstream Energy Fund shares last traded at $43.58, with a volume of 74,150 shares.

NXG Cushing Midstream Energy Fund Stock Up 0.3 %

The stock has a fifty day moving average of $44.14 and a 200-day moving average of $42.92.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be given a $0.45 dividend. This represents a $5.40 annualized dividend and a dividend yield of 12.39%. The ex-dividend date is Monday, November 4th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter worth $204,000. Axxcess Wealth Management LLC bought a new position in shares of NXG Cushing Midstream Energy Fund in the 1st quarter worth about $293,000. PSI Advisors LLC lifted its stake 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 purchasing an additional 250 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of 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 valued at $277,000 after purchasing an additional 1,474 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in NXG Cushing Midstream Energy Fund during the third quarter worth approximately $570,000.

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.