NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on August 17th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, June 2nd. Stockholders of record on Monday, August 17th will be paid a dividend of 0.50 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Monday, August 17th.

NXG Cushing Midstream Energy Fund Stock Performance

Shares of NYSE:SRV opened at $48.38 on Friday. The business has a fifty day moving average of $48.05 and a 200-day moving average of $46.04. NXG Cushing Midstream Energy Fund has a twelve month low of $38.11 and a twelve month high of $51.54.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of hedge funds have recently added to or reduced their stakes in SRV. Sit Investment Associates Inc. bought a new position in shares of NXG Cushing Midstream Energy Fund in the fourth quarter worth about $12,620,000. Absolute Investment Advisers LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund during the fourth quarter valued at approximately $2,929,000. Kovack Advisors Inc. bought a new stake in shares of NXG Cushing Midstream Energy Fund during the fourth quarter valued at approximately $2,056,000. NWF Advisory Services Inc. increased its holdings in shares of NXG Cushing Midstream Energy Fund by 106.9% in the first quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock valued at $1,431,000 after purchasing an additional 16,620 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the fourth quarter valued at approximately $598,000.

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.