NXG Cushing Midstream Energy Fund Plans Monthly Dividend of $0.45 (NYSE:SRV)

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.45 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

NXG Cushing Midstream Energy Fund Price Performance

SRV stock traded down $0.09 during mid-day trading on Monday, hitting $40.54. 45,065 shares of the company were exchanged, compared to its average volume of 61,070. The firm has a fifty day simple moving average of $39.91 and a 200 day simple moving average of $42.16. NXG Cushing Midstream Energy Fund has a twelve month low of $34.24 and a twelve month high of $47.96.

Insider Buying and Selling at NXG Cushing Midstream Energy Fund

In other news, Director John Alban purchased 750 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average cost of $42.49 per share, with a total value of $31,867.50. Following the transaction, the director owned 750 shares in the company, valued at approximately $31,867.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 1,480 shares of company stock valued at $60,987.

Institutional Trading of NXG Cushing Midstream Energy Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Advisors LLC boosted its holdings in shares of NXG Cushing Midstream Energy Fund by 2.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 26,028 shares of the investment management company’s stock valued at $1,196,000 after buying an additional 500 shares during the period. Private Advisor Group LLC lifted its holdings in NXG Cushing Midstream Energy Fund by 9.4% in the third quarter. Private Advisor Group LLC now owns 6,131 shares of the investment management company’s stock worth $282,000 after acquiring an additional 525 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the 3rd quarter worth approximately $46,000. Raymond James Financial Inc. acquired a new stake in shares of NXG Cushing Midstream Energy Fund during the 2nd quarter worth approximately $42,000. Finally, Keener Financial Planning LLC bought a new stake in shares of NXG Cushing Midstream Energy Fund in the 3rd quarter worth approximately $50,000.

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.