NXG Cushing Midstream Energy Fund (NYSE:SRV) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

NXG Cushing Midstream Energy Fund (NYSE:SRV) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Up 1.2 %

The company has a fifty day moving average of $43.83 and a 200-day moving average of $43.43.

NXG Cushing Midstream Energy Fund Cuts Dividend

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

Insider Transactions at NXG Cushing Midstream Energy Fund

In other news, insider John Alban sold 1,090 shares of the company’s stock in a transaction 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 document filed with the SEC, which is accessible through this link. Also, CEO John M. Musgrave bought 773 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average price of $41.80 per share, with a total value of $32,311.40. Following the completion of the acquisition, the chief executive officer now owns 3,095 shares of the company’s stock, valued at $129,371. This trade represents a 33.29 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 968 shares of company stock valued at $40,462.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

An institutional investor recently bought a new position in NXG Cushing Midstream Energy Fund stock. J.W. Cole Advisors Inc. purchased a new position in NXG Cushing Midstream Energy Fund (NYSE:SRV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,655 shares of the investment management company’s stock, valued at approximately $570,000.

About NXG Cushing Midstream Energy Fund

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.