NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above Two Hundred Day Moving Average of $36.76

Posted by Stacy Sanders on Apr 20th, 2024

NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

NXG Cushing Midstream Energy Fund Price Performance

The firm has a 50 day moving average price of $39.51 and a 200 day moving average price of $36.79.

NXG Cushing Midstream Energy Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 13.48%. This is an increase from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in SRV. LPL Financial LLC raised its stake in NXG Cushing Midstream Energy Fund by 203.8% during the 1st quarter. LPL Financial LLC now owns 27,851 shares of the investment management company’s stock valued at $912,000 after purchasing an additional 18,682 shares during the period. Osaic Holdings Inc. raised its stake in NXG Cushing Midstream Energy Fund by 287.2% during the 2nd quarter. Osaic Holdings Inc. now owns 18,631 shares of the investment management company’s stock valued at $699,000 after purchasing an additional 13,819 shares during the period. Stifel Financial Corp bought a new stake in NXG Cushing Midstream Energy Fund during the 1st quarter valued at approximately $357,000. Virtu Financial LLC bought a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at approximately $346,000. Finally, HighPoint Advisor Group LLC bought a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at approximately $197,000.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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.