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

NXG Cushing Midstream Energy Fund (NYSE:SRV)’s share price crossed 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 Performance

The business’s 50 day simple moving average is $46.92 and its 200-day simple moving average is $43.45.

NXG Cushing Midstream Energy Fund Announces Dividend

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

Institutional Investors Weigh In On NXG Cushing Midstream Energy Fund

A number of large investors have recently modified their holdings of SRV. Raymond James Financial Inc. acquired a new stake in shares of NXG Cushing Midstream Energy Fund in the 2nd quarter valued at $42,000. Keener Financial Planning LLC acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter valued at $50,000. Cornerstone Advisors LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 2.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock valued at $1,196,000 after acquiring an additional 500 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $453,000. Finally, Private Advisor Group LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 9.4% during the 3rd quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after buying an additional 525 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.