NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on November 16th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Monday, November 16th will be given a dividend of 0.50 per share by the investment management company on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend is Monday, November 16th.

NXG Cushing Midstream Energy Fund Stock Up 0.4%

Shares of NXG Cushing Midstream Energy Fund stock opened at $45.26 on Thursday. NXG Cushing Midstream Energy Fund has a one year low of $38.11 and a one year high of $51.54. The stock’s fifty day moving average is $47.62 and its 200 day moving average is $46.53.

Institutional Trading of NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted 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 valued at $282,000 after buying an additional 525 shares in the last quarter. Jane Street Group LLC grew its stake in shares of NXG Cushing Midstream Energy Fund by 21.6% during the 4th quarter. Jane Street Group LLC now owns 6,724 shares of the investment management company’s stock valued at $263,000 after acquiring an additional 1,196 shares during the period. 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 worth $245,000 after acquiring an additional 1,076 shares in the last quarter. Symphony Financial Services Inc. purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $207,000. Finally, Raymond James Financial Inc. bought a new stake in NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $42,000.

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.