NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes 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 Thursday . The stock has a 200-day moving average of $43.94 and traded as high as $49.50. NXG Cushing Midstream Energy Fund shares last traded at $48.4550, with a volume of 59,490 shares.

NXG Cushing Midstream Energy Fund Trading Down 0.4%

The firm has a 50-day simple moving average of $47.75 and a 200 day simple moving average of $43.97.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm 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 12.4%. The ex-dividend date is Monday, August 17th.

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 89.6% in the first quarter. NewEdge Advisors LLC now owns 7,627 shares of the investment management company’s stock worth $339,000 after acquiring an additional 3,604 shares during the last quarter. Symphony Financial Services Inc. boosted its stake 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 purchasing an additional 378 shares in the last quarter. NWF Advisory Services Inc. boosted its stake in NXG Cushing Midstream Energy Fund by 106.9% in the 1st quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock worth $1,431,000 after purchasing an additional 16,620 shares in the last quarter. Fifth Third Bancorp purchased a new stake in NXG Cushing Midstream Energy Fund during the 1st quarter valued at about $25,000. Finally, Private Advisor Group LLC raised its holdings in NXG Cushing Midstream Energy Fund by 27.3% in the first quarter. Private Advisor Group LLC now owns 8,856 shares of the investment management company’s stock worth $394,000 after buying an additional 1,900 shares during 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.