NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above 200 Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.09 and traded as high as $48.40. NXG Cushing Midstream Energy Fund shares last traded at $47.13, with a volume of 79,452 shares trading hands.

NXG Cushing Midstream Energy Fund Price Performance

The firm has a 50-day moving average of $46.30 and a 200 day moving average of $43.09.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in NXG Cushing Midstream Energy Fund in the second quarter worth about $42,000. J.W. Cole Advisors Inc. grew its stake in shares of NXG Cushing Midstream Energy Fund by 11.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 37,895 shares of the investment management company’s stock valued at $1,741,000 after purchasing an additional 3,940 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter valued at approximately $271,000. Keener Financial Planning LLC acquired a new position in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $50,000. Finally, Cornerstone Advisors LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 2.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock worth $1,196,000 after buying an additional 500 shares in the last quarter.

NXG Cushing Midstream Energy Fund Company Profile

The Cushing MLP & Infrastructure Total Return Fund (NYSE: SRV) is a closed-end management investment company that primarily focuses on equity securities of midstream energy partnerships. The fund seeks to deliver long-term total return through a combination of current distributions and capital appreciation by investing in publicly traded master limited partnerships (MLPs) and affiliated entities engaged in the transportation, storage, processing and marketing of natural gas, crude oil, refined products and related commodities.

The fund’s portfolio is heavily weighted toward midstream energy infrastructure, including pipelines, terminals, storage facilities and processing plants.