NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Passes Above 200-Day Moving Average – Here’s What Happened

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.09 and traded as high as $48.40. NXG Cushing Midstream Energy Fund shares last traded at $47.13, with a volume of 79,452 shares changing hands.

NXG Cushing Midstream Energy Fund Trading Down 2.6%

The company has a fifty day moving average of $46.30 and a two-hundred day moving average of $43.09.

Institutional Trading of NXG Cushing Midstream Energy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of SRV. Sit Investment Associates Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at $12,620,000. Absolute Investment Advisers LLC purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at $2,929,000. Kovack Advisors Inc. purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at $2,056,000. NWF Advisory Services Inc. raised its holdings in NXG Cushing Midstream Energy Fund by 106.9% during the 1st quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock valued at $1,431,000 after buying an additional 16,620 shares during the period. Finally, Quarry LP purchased a new stake in NXG Cushing Midstream Energy Fund during the 4th quarter valued at $598,000.

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.