NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on October 15th

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.50 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Thursday, October 15th.

NXG Cushing Midstream Energy Fund Trading Up 0.4%

SRV stock opened at $45.26 on Thursday. NXG Cushing Midstream Energy Fund has a fifty-two week low of $38.11 and a fifty-two week high of $51.54. The business’s fifty day moving average price is $47.62 and its two-hundred day moving average price is $46.53.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of NXG Cushing Midstream Energy Fund during the 1st quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in NXG Cushing Midstream Energy Fund during the second quarter worth about $42,000. Symphony Financial Services Inc. bought a new position in NXG Cushing Midstream Energy Fund in the 4th quarter valued at about $207,000. Janney Montgomery Scott LLC increased its holdings in NXG Cushing Midstream Energy Fund by 20.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,280 shares of the investment management company’s stock valued at $245,000 after buying an additional 1,076 shares during the period. Finally, Jane Street Group LLC increased its holdings in NXG Cushing Midstream Energy Fund by 21.6% in the 4th quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock valued at $263,000 after buying an additional 1,196 shares during the period.

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.