NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on July 15th

NXG Cushing Midstream Energy Fund (NYSE:SRV) announced a monthly dividend on Tuesday, June 2nd. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.50 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

NXG Cushing Midstream Energy Fund Price Performance

Shares of SRV opened at $48.97 on Thursday. The stock has a 50 day moving average price of $46.51 and a two-hundred day moving average price of $43.20. NXG Cushing Midstream Energy Fund has a 52 week low of $38.11 and a 52 week high of $51.43.

Institutional Trading of NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $12,620,000. Absolute Investment Advisers LLC purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $2,929,000. Kovack Advisors Inc. purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $2,056,000. NWF Advisory Services Inc. boosted its stake in shares of NXG Cushing Midstream Energy Fund by 106.9% in the 1st quarter. NWF Advisory Services Inc. now owns 32,160 shares of the investment management company’s stock worth $1,431,000 after buying an additional 16,620 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $598,000.

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.