NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

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 $45.97 and traded as high as $47.62. NXG Cushing Midstream Energy Fund shares last traded at $47.17, with a volume of 32,550 shares changing hands.

NXG Cushing Midstream Energy Fund Stock Up 0.8%

The company has a fifty day moving average of $48.06 and a two-hundred day moving average of $46.03.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.50 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Monday, August 17th.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several large investors have recently modified their holdings of SRV. Symphony Financial Services Inc. raised its holdings in NXG Cushing Midstream Energy Fund by 7.1% in the 1st quarter. Symphony Financial Services Inc. now owns 5,672 shares of the investment management company’s stock worth $252,000 after acquiring an additional 378 shares during the period. Royal Bank of Canada boosted its holdings in NXG Cushing Midstream Energy Fund by 3.3% during the fourth quarter. Royal Bank of Canada now owns 12,444 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 400 shares during the period. Stifel Financial Corp grew its position in shares of NXG Cushing Midstream Energy Fund by 2.5% in the fourth quarter. Stifel Financial Corp now owns 20,328 shares of the investment management company’s stock valued at $794,000 after purchasing an additional 501 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of NXG Cushing Midstream Energy Fund by 9.4% in the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after purchasing an additional 525 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of NXG Cushing Midstream Energy Fund in the first quarter worth about $25,000.

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.