NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200 Day Moving Average – What’s Next?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.31 and traded as high as $51.43. NXG Cushing Midstream Energy Fund shares last traded at $50.83, with a volume of 57,528 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The firm’s 50 day moving average is $44.49 and its 200 day moving average is $42.31.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Several hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the fourth quarter valued at approximately $12,620,000. Absolute Investment Advisers LLC grew its stake in NXG Cushing Midstream Energy Fund by 32.5% during the first quarter. Absolute Investment Advisers LLC now owns 99,777 shares of the investment management company’s stock valued at $4,439,000 after acquiring an additional 24,497 shares in the last quarter. Kovack Advisors Inc. purchased a new position in NXG Cushing Midstream Energy Fund during the fourth quarter valued at approximately $2,056,000. Summit Financial LLC grew its stake in NXG Cushing Midstream Energy Fund by 17.5% during the fourth quarter. Summit Financial LLC now owns 50,867 shares of the investment management company’s stock valued at $1,986,000 after acquiring an additional 7,589 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in NXG Cushing Midstream Energy Fund by 11.6% during the third quarter. J.W. Cole Advisors Inc. now owns 37,895 shares of the investment management company’s stock valued at $1,741,000 after acquiring an additional 3,940 shares in 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.