NXG Cushing Midstream Energy Fund (SRV) To Go Ex-Dividend on February 14th

NXG Cushing Midstream Energy Fund (NYSE:SRVGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Investors of record on Thursday, February 15th will be given a dividend of 0.45 per share by the investment management company on Thursday, February 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 15.49%. The ex-dividend date of this dividend is Wednesday, February 14th.

NXG Cushing Midstream Energy Fund has increased its dividend payment by an average of 25.0% annually over the last three years.

NXG Cushing Midstream Energy Fund Price Performance

SRV opened at $34.86 on Monday. The company’s 50-day moving average is $34.17 and its 200 day moving average is $37.25. NXG Cushing Midstream Energy Fund has a fifty-two week low of $29.74 and a fifty-two week high of $44.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of NXG Cushing Midstream Energy Fund during the second quarter valued at about $45,000. UBS Group AG raised its position in NXG Cushing Midstream Energy Fund by 15.6% in the second quarter. UBS Group AG now owns 6,012 shares of the investment management company’s stock worth $167,000 after acquiring an additional 811 shares during the period. Advisor Group Holdings Inc. raised its position in NXG Cushing Midstream Energy Fund by 115.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,709 shares of the investment management company’s stock worth $225,000 after acquiring an additional 3,588 shares during the period. LPL Financial LLC raised its position in NXG Cushing Midstream Energy Fund by 4.6% in the fourth quarter. LPL Financial LLC now owns 9,169 shares of the investment management company’s stock worth $308,000 after acquiring an additional 407 shares during the period. Finally, Stifel Financial Corp bought a new stake in NXG Cushing Midstream Energy Fund in the first quarter worth about $357,000.

About NXG Cushing Midstream Energy Fund

(Get Free Report)

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.

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Dividend History for NXG Cushing Midstream Energy Fund (NYSE:SRV)

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