NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on October 15th

NXG Cushing Midstream Energy Fund (NYSE:SRV) declared a monthly dividend on Tuesday, September 2nd. Investors of record on Wednesday, October 15th will be paid a dividend of 0.45 per share by the investment management company on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Wednesday, October 15th.

NXG Cushing Midstream Energy Fund Trading Down 1.8%

NYSE SRV opened at $43.13 on Monday. NXG Cushing Midstream Energy Fund has a 52 week low of $34.24 and a 52 week high of $50.61. The firm has a 50 day moving average of $44.06 and a two-hundred day moving average of $41.86.

Institutional Trading of NXG Cushing Midstream Energy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Advisors LLC increased its holdings in shares of NXG Cushing Midstream Energy Fund by 963.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 25,528 shares of the investment management company’s stock valued at $1,081,000 after acquiring an additional 23,128 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in NXG Cushing Midstream Energy Fund by 32.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,012 shares of the investment management company’s stock valued at $1,539,000 after purchasing an additional 8,524 shares in the last quarter. Focus Financial Network Inc. acquired a new position in NXG Cushing Midstream Energy Fund in the third quarter valued at approximately $345,000. Osaic Holdings Inc. increased its stake in NXG Cushing Midstream Energy Fund by 29.2% in the second quarter. Osaic Holdings Inc. now owns 33,184 shares of the investment management company’s stock valued at $1,405,000 after purchasing an additional 7,492 shares during the last quarter. Finally, NWF Advisory Services Inc. acquired a new stake in NXG Cushing Midstream Energy Fund during the second quarter worth approximately $302,000.

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.