Cushing MLP Total Return Fund (NYSE:SRV) Shares Cross Above 200-Day Moving Average of $9.88

Cushing MLP Total Return Fund (NYSE:SRV)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.88 and traded as high as $9.88. Cushing MLP Total Return Fund shares last traded at $9.81, with a volume of 7,292 shares trading hands.

The stock’s 50-day moving average price is $9.51 and its two-hundred day moving average price is $9.87.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.0903 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Cushing MLP Total Return Fund’s previous monthly dividend of $0.09. This represents a $1.08 annualized dividend and a yield of 11.15%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP boosted its holdings in Cushing MLP Total Return Fund by 785.2% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 177,040 shares of the investment management company’s stock worth $1,772,000 after buying an additional 157,040 shares during the period. Royal Bank of Canada boosted its holdings in Cushing MLP Total Return Fund by 40.2% in the 2nd quarter. Royal Bank of Canada now owns 44,105 shares of the investment management company’s stock worth $450,000 after buying an additional 12,641 shares during the period. Wedbush Securities Inc. bought a new position in Cushing MLP Total Return Fund in the 3rd quarter worth approximately $102,000. Private Advisor Group LLC bought a new position in Cushing MLP Total Return Fund in the 2nd quarter worth approximately $132,000. Finally, Wells Fargo & Company MN boosted its holdings in Cushing MLP Total Return Fund by 248.8% in the 2nd quarter. Wells Fargo & Company MN now owns 83,304 shares of the investment management company’s stock worth $851,000 after buying an additional 59,418 shares during the period.

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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