NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above Two Hundred Day Moving Average of $36.76

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.76 and traded as high as $39.44. NXG Cushing Midstream Energy Fund shares last traded at $39.28, with a volume of 17,868 shares traded.

NXG Cushing Midstream Energy Fund Price Performance

The business’s fifty day moving average price is $39.51 and its 200-day moving average price is $36.79.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.45 per share. This represents a dividend yield of 13.48%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of large investors have recently modified their holdings of SRV. LPL Financial LLC lifted its position in NXG Cushing Midstream Energy Fund by 4.6% in the 4th quarter. LPL Financial LLC now owns 9,169 shares of the investment management company’s stock worth $308,000 after buying an additional 407 shares during the last quarter. UBS Group AG lifted its position in NXG Cushing Midstream Energy Fund by 66.8% in the 4th quarter. UBS Group AG now owns 8,868 shares of the investment management company’s stock worth $301,000 after buying an additional 3,551 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in NXG Cushing Midstream Energy Fund by 115.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,709 shares of the investment management company’s stock worth $225,000 after buying an additional 3,588 shares during the last quarter. Captrust Financial Advisors bought a new stake in NXG Cushing Midstream Energy Fund in the 2nd quarter worth approximately $45,000. Finally, HighPoint Advisor Group LLC bought a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $197,000.

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.