NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

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 $42.76 and traded as high as $44.04. NXG Cushing Midstream Energy Fund shares last traded at $44.00, with a volume of 27,674 shares.

NXG Cushing Midstream Energy Fund Price Performance

The stock has a 50 day simple moving average of $44.04 and a two-hundred day simple moving average of $42.78.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 4th will be issued a $0.45 dividend. The ex-dividend date is Monday, November 4th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 12.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. J.W. Cole Advisors Inc. bought a new stake in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth about $570,000. Axxcess Wealth Management LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the first quarter worth approximately $293,000. Janney Montgomery Scott LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter valued at approximately $204,000. Commonwealth Equity Services LLC grew its position in shares of NXG Cushing Midstream Energy Fund by 28.3% in the second quarter. Commonwealth Equity Services LLC now owns 6,680 shares of the investment management company’s stock valued at $277,000 after purchasing an additional 1,474 shares during the last quarter. Finally, PSI Advisors LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 27.0% during the second quarter. PSI Advisors LLC now owns 1,175 shares of the investment management company’s stock worth $49,000 after purchasing an additional 250 shares during the period.

About NXG Cushing Midstream Energy Fund

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.