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

NXG Cushing Midstream Energy Fund (NYSE:SRV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.13 and traded as high as $46.34. NXG Cushing Midstream Energy Fund shares last traded at $45.87, with a volume of 23,092 shares.

NXG Cushing Midstream Energy Fund Stock Performance

The business’s 50 day moving average price is $45.51 and its 200-day moving average price is $44.13.

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 given a dividend of $0.3148 per share. This represents a yield of 13.1%. The ex-dividend date was Friday, December 27th.

Insider Buying and Selling

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

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds have recently bought and sold shares of SRV. Strategic Financial Concepts LLC acquired a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $594,000. J.W. Cole Advisors Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $570,000. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $221,000.

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.