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) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.13 and traded as high as $46.34. NXG Cushing Midstream Energy Fund shares last traded at $45.87, with a volume of 23,092 shares trading hands.

NXG Cushing Midstream Energy Fund Stock Up 0.2 %

The business has a fifty day moving average of $45.54 and a 200 day moving average of $44.15.

NXG Cushing Midstream Energy Fund Cuts Dividend

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

Insider Activity at NXG Cushing Midstream Energy Fund

In other NXG Cushing Midstream Energy Fund news, insider John Alban sold 1,090 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $44.76, for a total transaction of $48,788.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John M. Musgrave bought 773 shares of NXG Cushing Midstream Energy Fund stock in a transaction on Thursday, November 21st. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $32,311.40. Following the acquisition, the chief executive officer now owns 3,095 shares in the company, valued at $129,371. The trade was a 33.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 968 shares of company stock valued at $40,462.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Stratos Wealth Advisors LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $221,000. J.W. Cole Advisors Inc. acquired a new stake in NXG Cushing Midstream Energy Fund in the 3rd quarter valued at approximately $570,000. Finally, Strategic Financial Concepts LLC acquired a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter valued at approximately $594,000.

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.