Cushing MLP Total Return Fund (NYSE:SRV) Stock Crosses Above 200 Day Moving Average of $9.89

Cushing MLP Total Return Fund (NYSE:SRV)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.89 and traded as high as $10.24. Cushing MLP Total Return Fund shares last traded at $10.10, with a volume of 31,002 shares trading hands.

The company has a 50 day moving average of $10.03 and a 200-day moving average of $9.89.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.0903 per share. This represents a $1.08 annualized dividend and a yield of 10.78%. The ex-dividend date of this dividend is Thursday, January 16th.

A number of large investors have recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP boosted its stake in Cushing MLP Total Return Fund by 785.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 177,040 shares of the investment management company’s stock valued at $1,772,000 after buying an additional 157,040 shares during the period. Wells Fargo & Company MN boosted its stake in Cushing MLP Total Return Fund by 248.8% during the second quarter. Wells Fargo & Company MN now owns 83,304 shares of the investment management company’s stock valued at $851,000 after buying an additional 59,418 shares during the period. Royal Bank of Canada boosted its stake in Cushing MLP Total Return Fund by 40.2% during the second quarter. Royal Bank of Canada now owns 44,105 shares of the investment management company’s stock valued at $450,000 after buying an additional 12,641 shares during the period. Private Advisor Group LLC bought a new stake in Cushing MLP Total Return Fund during the second quarter valued at $132,000. Finally, Wedbush Securities Inc. bought a new stake in Cushing MLP Total Return Fund during the third quarter valued at $102,000.

Cushing MLP Total Return Fund Company Profile (NYSE:SRV)

Cushing MLP Total Return 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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