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

Shares of 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 $43.35 and traded as high as $45.26. NXG Cushing Midstream Energy Fund shares last traded at $44.86, with a volume of 35,392 shares.

NXG Cushing Midstream Energy Fund Stock Down 1.7 %

The firm has a fifty day moving average of $43.91 and a two-hundred day moving average of $43.36.

NXG Cushing Midstream Energy Fund Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be paid a $0.3148 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a dividend yield of 13.1%.

Insider Activity

In related news, CEO John M. Musgrave bought 773 shares of NXG Cushing Midstream Energy Fund stock in a transaction on Thursday, November 21st. The stock was acquired at an average price of $41.80 per share, with a total value of $32,311.40. Following the acquisition, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at $129,371. This represents a 33.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Alban sold 1,090 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total transaction of $48,788.40. The disclosure for this sale can be found here. Insiders have acquired a total of 968 shares of company stock valued at $40,462 over the last quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NXG Cushing Midstream Energy Fund stock. J.W. Cole Advisors Inc. acquired a new position in shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,655 shares of the investment management company’s stock, valued at approximately $570,000.

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.