NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.37 and traded as high as $50.30. NXG Cushing Midstream Energy Fund shares last traded at $48.3810, with a volume of 45,883 shares.

NXG Cushing Midstream Energy Fund Stock Down 0.3%

The firm’s fifty day simple moving average is $46.78 and its 200-day simple moving average is $43.37.

NXG Cushing Midstream Energy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 12.4%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SRV. Raymond James Financial Inc. purchased a new position in shares of NXG Cushing Midstream Energy Fund in the second quarter worth $42,000. Keener Financial Planning LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund in the third quarter worth $50,000. Cornerstone Advisors LLC raised its stake in shares of NXG Cushing Midstream Energy Fund by 2.0% in the third quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock worth $1,196,000 after purchasing an additional 500 shares during the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of NXG Cushing Midstream Energy Fund during the third quarter valued at approximately $453,000. Finally, Private Advisor Group LLC raised its holdings in shares of NXG Cushing Midstream Energy Fund by 9.4% during the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 525 shares during the last quarter.

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.