NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.43 and traded as high as $45.84. NXG Cushing Midstream Energy Fund shares last traded at $45.58, with a volume of 51,834 shares trading hands.

NXG Cushing Midstream Energy Fund Trading Up 1.2 %

The business has a fifty day simple moving average of $43.83 and a 200 day simple moving average of $43.44.

NXG Cushing Midstream Energy Fund Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a dividend of $0.3148 per share. This represents a dividend yield of 13.1%. The ex-dividend date was Friday, December 27th.

Insider Buying and Selling

In other NXG Cushing Midstream Energy Fund news, CEO John M. Musgrave acquired 773 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of $41.80 per share, for a total transaction of $32,311.40. Following the completion of the acquisition, the chief executive officer now directly owns 3,095 shares of the company’s stock, valued at $129,371. This trade represents a 33.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Alban sold 1,090 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $44.76, for a total value of $48,788.40. The disclosure for this sale can be found here. In the last quarter, insiders purchased 968 shares of company stock worth $40,462.

Institutional Trading of NXG Cushing Midstream Energy Fund

An institutional investor recently raised its position in NXG Cushing Midstream Energy Fund stock. Commonwealth Equity Services LLC boosted its stake in NXG Cushing Midstream Energy Fund (NYSE:SRV) by 28.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,680 shares of the investment management company’s stock after purchasing an additional 1,474 shares during the quarter. Commonwealth Equity Services LLC’s holdings in NXG Cushing Midstream Energy Fund were worth $277,000 as of its most recent filing with the SEC.

NXG Cushing Midstream Energy Fund Company Profile

NXG Cushing Midstream Energy Fund is a closed-ended balanced mutual fund launched by Swank Capital, LLC. The fund is managed by Swank Energy Income Advisors L.P. It invests in the public equity and fixed income markets across the globe with a focus in United States. The fund typically invests in MLPs, Other Natural Resource Companies, and global commodities.