NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above Two Hundred Day Moving Average of $36.76

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

NXG Cushing Midstream Energy Fund Trading Up 1.3 %

The business has a 50-day moving average of $39.39 and a 200-day moving average of $36.76.

NXG Cushing Midstream Energy Fund Increases Dividend

The firm also recently announced 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 a positive change from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund in the third quarter worth $34,000. Captrust Financial Advisors acquired a new stake in NXG Cushing Midstream Energy Fund in the 2nd quarter valued at $45,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of NXG Cushing Midstream Energy Fund during the fourth quarter worth about $124,000. UBS Group AG boosted its position in shares of NXG Cushing Midstream Energy Fund by 166.0% in the first quarter. UBS Group AG now owns 5,201 shares of the investment management company’s stock worth $181,000 after buying an additional 3,246 shares during the period. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at about $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.