NXG Cushing Midstream Energy Fund (NYSE:SRV) Shares Cross Above 200-Day Moving Average of $37.02

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.02 and traded as high as $41.76. NXG Cushing Midstream Energy Fund shares last traded at $40.98, with a volume of 28,625 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Down 0.0 %

The firm’s 50 day moving average price is $40.16 and its two-hundred day moving average price is $37.02.

NXG Cushing Midstream Energy Fund Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.45 dividend. This is a boost from NXG Cushing Midstream Energy Fund’s previous dividend of $0.36. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 13.48%.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

A number of hedge funds have recently made changes to their positions in SRV. Virtu Financial LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $346,000. HighPoint Advisor Group LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $197,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of NXG Cushing Midstream Energy Fund during the 4th quarter worth approximately $124,000. Axxcess Wealth Management LLC boosted its position in shares of NXG Cushing Midstream Energy Fund by 28.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 7,117 shares of the investment management company’s stock worth $259,000 after purchasing an additional 1,559 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $34,000.

About NXG Cushing Midstream Energy Fund

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.