NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above 200-Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.80 and traded as high as $45.01. NXG Cushing Midstream Energy Fund shares last traded at $44.18, with a volume of 20,883 shares.

NXG Cushing Midstream Energy Fund Stock Down 0.5 %

The company’s 50 day moving average is $45.25 and its 200 day moving average is $44.80.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.45 per share. This represents a dividend yield of 11.39%. The ex-dividend date of this dividend was Tuesday, February 18th.

Insider Buying and Selling

In other NXG Cushing Midstream Energy Fund news, insider Jerry V. Swank sold 3,656 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $46.77, for a total value of $170,991.12. Following the completion of the sale, the insider now directly owns 6,529 shares in the company, valued at approximately $305,361.33. This trade represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SRV. Armis Advisers LLC acquired a new position in NXG Cushing Midstream Energy Fund during the fourth quarter valued at $212,000. CoreCap Advisors LLC boosted its stake in shares of NXG Cushing Midstream Energy Fund by 65.4% in the fourth quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock worth $143,000 after buying an additional 1,275 shares during the last quarter. Stifel Financial Corp grew its holdings in NXG Cushing Midstream Energy Fund by 44.0% during the fourth quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock worth $900,000 after acquiring an additional 6,185 shares during the period. Sit Investment Associates Inc. raised its position in NXG Cushing Midstream Energy Fund by 3,678.4% during the fourth quarter. Sit Investment Associates Inc. now owns 292,675 shares of the investment management company’s stock valued at $13,018,000 after acquiring an additional 284,929 shares in the last quarter. Finally, Level Four Advisory Services LLC acquired a new position in NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $347,000.

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.