NXG Cushing Midstream Energy Fund (NYSE:SRV) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

NXG Cushing Midstream Energy Fund (NYSE:SRV) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $44.80 and traded as high as $45.01. NXG Cushing Midstream Energy Fund shares last traded at $44.18, with a volume of 20,883 shares traded.

NXG Cushing Midstream Energy Fund Stock Performance

The company has a 50 day simple moving average of $45.35 and a two-hundred day simple moving average of $44.80.

NXG Cushing Midstream Energy Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a $0.45 dividend. The ex-dividend date was Tuesday, February 18th. This represents a yield of 11.39%.

Insider Buying and Selling

In other NXG Cushing Midstream Energy Fund news, insider Jerry V. Swank sold 3,656 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $46.77, for a total value of $170,991.12. Following the sale, the insider now directly owns 6,529 shares of the company’s stock, valued at approximately $305,361.33. This represents a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On NXG Cushing Midstream Energy Fund

Institutional investors have recently modified their holdings of the stock. Armis Advisers LLC purchased a new stake in NXG Cushing Midstream Energy Fund in the 4th quarter worth approximately $212,000. CoreCap Advisors LLC lifted its stake in shares of NXG Cushing Midstream Energy Fund by 65.4% in the 4th quarter. CoreCap Advisors LLC now owns 3,225 shares of the investment management company’s stock valued at $143,000 after purchasing an additional 1,275 shares during the period. Stifel Financial Corp boosted its holdings in NXG Cushing Midstream Energy Fund by 44.0% during the fourth quarter. Stifel Financial Corp now owns 20,244 shares of the investment management company’s stock worth $900,000 after buying an additional 6,185 shares in the last quarter. Sit Investment Associates Inc. grew its position in NXG Cushing Midstream Energy Fund by 3,678.4% during the fourth quarter. Sit Investment Associates Inc. now owns 292,675 shares of the investment management company’s stock valued at $13,018,000 after buying an additional 284,929 shares during the period. Finally, Level Four Advisory Services LLC purchased a new position in NXG Cushing Midstream Energy Fund in the fourth quarter valued at $347,000.

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.