The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV) Share Price Passes Above 200-Day Moving Average of $33.82

The Cushing MLP & Infrastructure Total Return Fund (NYSE:SRV – Get Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.82 and traded as high as $36.75. The Cushing MLP & Infrastructure Total Return Fund shares last traded at $36.13, with a volume of 15,395 shares traded.

The Cushing MLP & Infrastructure Total Return Fund Trading Down 0.7 %

The business has a fifty day simple moving average of $34.63 and a 200-day simple moving average of $33.82.

The Cushing MLP & Infrastructure Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Wednesday, January 18th will be issued a $0.45 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 14.95%. The ex-dividend date is Tuesday, January 17th.

Insider Buying and Selling

In other The Cushing MLP & Infrastructure Total Return Fund news, major shareholder Saba Capital Management, L.P. sold 2,618 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $36.25, for a total transaction of $94,902.50. Following the transaction, the insider now directly owns 224,205 shares in the company, valued at approximately $8,127,431.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On The Cushing MLP & Infrastructure Total Return Fund

Several large investors have recently made changes to their positions in the business. UBS Group AG increased its holdings in The Cushing MLP & Infrastructure Total Return Fund by 166.0% in the 1st quarter. UBS Group AG now owns 5,201 shares of the investment management company’s stock worth $181,000 after acquiring an additional 3,246 shares during the last quarter. Captrust Financial Advisors purchased a new stake in The Cushing MLP & Infrastructure Total Return Fund in the 2nd quarter worth about $45,000. Bulldog Investors LLP increased its holdings in The Cushing MLP & Infrastructure Total Return Fund by 3.3% in the 3rd quarter. Bulldog Investors LLP now owns 84,414 shares of the investment management company’s stock worth $2,750,000 after acquiring an additional 2,690 shares during the last quarter. Clough Capital Partners L P increased its holdings in The Cushing MLP & Infrastructure Total Return Fund by 2.4% in the 3rd quarter. Clough Capital Partners L P now owns 38,000 shares of the investment management company’s stock worth $1,238,000 after acquiring an additional 900 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new stake in The Cushing MLP & Infrastructure Total Return Fund in the 3rd quarter worth about $1,516,000.

About The Cushing MLP & Infrastructure Total Return Fund

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The Cushing MLP & Infrastructure Total Return Fund is a non-diversified, closed-end management investment company. Its investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. The company was founded on May 23, 2007 and is headquartered in Dallas, TX.