NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above 200 Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $43.09 and traded as high as $48.40. NXG Cushing Midstream Energy Fund shares last traded at $47.13, with a volume of 79,452 shares traded.

NXG Cushing Midstream Energy Fund Price Performance

The stock’s 50-day simple moving average is $46.30 and its 200 day simple moving average is $43.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in NXG Cushing Midstream Energy Fund during the 1st quarter worth approximately $25,000. Raymond James Financial Inc. acquired a new position in NXG Cushing Midstream Energy Fund in the second quarter worth $42,000. Keener Financial Planning LLC acquired a new position in NXG Cushing Midstream Energy Fund in the third quarter worth $50,000. Symphony Financial Services Inc. bought a new stake in shares of NXG Cushing Midstream Energy Fund during the fourth quarter worth $207,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the third quarter worth $271,000.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.