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

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.63 and traded as high as $47.52. NXG Cushing Midstream Energy Fund shares last traded at $45.86, with a volume of 48,853 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Performance

The business’s 50-day moving average is $47.33 and its 200 day moving average is $43.67.

NXG Cushing Midstream Energy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.50 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Monday, August 17th.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in NXG Cushing Midstream Energy Fund in the second quarter valued at about $42,000. Cornerstone Advisors LLC lifted its holdings in shares of NXG Cushing Midstream Energy Fund by 2.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock worth $1,196,000 after acquiring an additional 500 shares during the period. Consolidated Portfolio Review Corp acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $453,000. Private Advisor Group LLC boosted its position in shares of NXG Cushing Midstream Energy Fund by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after acquiring an additional 525 shares in the last quarter. Finally, Focus Financial Network Inc. increased its stake in NXG Cushing Midstream Energy Fund by 61.1% in the fourth quarter. Focus Financial Network Inc. now owns 12,102 shares of the investment management company’s stock valued at $473,000 after acquiring an additional 4,590 shares during the last quarter.

About NXG Cushing Midstream Energy Fund

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.