NXG NextGen Infrastructure Income Fund (NYSE:NXG) Shares Up 1.1% – What’s Next?

NXG NextGen Infrastructure Income Fund (NYSE:NXG) shares were up 1.1% during mid-day trading on Thursday . The stock traded as high as $51.60 and last traded at $51.40. Approximately 22,687 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 30,452 shares. The stock had previously closed at $50.84.

NXG NextGen Infrastructure Income Fund Price Performance

The stock’s 50 day moving average is $45.30 and its 200-day moving average is $42.00.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $6.48 annualized dividend and a dividend yield of 12.13%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio is presently -2,700.00%.

Insider Activity at NXG NextGen Infrastructure Income Fund

In other news, insider John Alban sold 1,234 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $41.34, for a total transaction of $51,013.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On NXG NextGen Infrastructure Income Fund

Hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new stake in shares of NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at about $202,000. Private Advisor Group LLC purchased a new stake in NXG NextGen Infrastructure Income Fund in the third quarter worth approximately $329,000. J.W. Cole Advisors Inc. bought a new stake in NXG NextGen Infrastructure Income Fund in the 3rd quarter worth approximately $671,000. Finally, Valeo Financial Advisors LLC purchased a new stake in NXG NextGen Infrastructure Income Fund during the 3rd quarter valued at $294,000.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.