NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $46.30 and traded as high as $47.87. NXG Cushing Midstream Energy Fund shares last traded at $46.53, with a volume of 44,708 shares traded.

NXG Cushing Midstream Energy Fund Price Performance

The stock has a 50-day simple moving average of $47.93 and a 200 day simple moving average of $46.30.

NXG Cushing Midstream Energy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Trading of NXG Cushing Midstream Energy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Symphony Financial Services Inc. boosted its stake in shares of 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 valued at $252,000 after purchasing an additional 378 shares during the last quarter. Royal Bank of Canada lifted its holdings in NXG Cushing Midstream Energy Fund by 3.3% in the fourth quarter. Royal Bank of Canada now owns 12,444 shares of the investment management company’s stock valued at $486,000 after buying an additional 400 shares during the period. Stifel Financial Corp boosted its stake in 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 acquiring an additional 501 shares during the last quarter. Private Advisor Group LLC grew its holdings in 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 worth $282,000 after acquiring an additional 525 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of NXG Cushing Midstream Energy Fund during the 1st quarter valued at $25,000.

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.