NXG Cushing Midstream Energy Fund (NYSE:SRV – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.84 and traded as high as $49.45. NXG Cushing Midstream Energy Fund shares last traded at $48.74, with a volume of 40,143 shares trading hands.
NXG Cushing Midstream Energy Fund Stock Up 0.8%
The business has a fifty day simple moving average of $45.93 and a two-hundred day simple moving average of $42.88.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SRV. Symphony Financial Services Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $207,000. Sit Investment Associates Inc. purchased a new stake in shares of NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $12,620,000. Absolute Investment Advisers LLC purchased a new stake in shares of NXG Cushing Midstream Energy Fund during the fourth quarter worth approximately $2,929,000. Raymond James Financial Inc. acquired a new position in NXG Cushing Midstream Energy Fund during the second quarter worth $42,000. Finally, Stratos Wealth Advisors LLC grew its holdings in NXG Cushing Midstream Energy Fund by 33.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 9,285 shares of the investment management company’s stock worth $363,000 after acquiring an additional 2,321 shares during the period.
About NXG Cushing Midstream Energy Fund
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.
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