Cushing MLP Total Return Fund (NYSE:SRV) Stock Passes Above Two Hundred Day Moving Average of $10.15

Cushing MLP Total Return Fund (NYSE:SRV)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.15 and traded as high as $9.75. Cushing MLP Total Return Fund shares last traded at $9.75, with a volume of 46 shares traded.

The company has a 50-day simple moving average of $9.92 and a 200 day simple moving average of $10.15.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.09 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.08 annualized dividend and a yield of 11.00%.

A number of institutional investors have recently added to or reduced their stakes in SRV. Kayne Anderson Capital Advisors LP acquired a new position in shares of Cushing MLP Total Return Fund during the 2nd quarter worth approximately $204,000. Wells Fargo & Company MN raised its stake in shares of Cushing MLP Total Return Fund by 248.8% during 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. Private Advisor Group LLC acquired a new position in shares of Cushing MLP Total Return Fund during the 2nd quarter worth approximately $132,000. Finally, Royal Bank of Canada raised its stake in shares of Cushing MLP Total Return Fund by 40.2% during 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.

About Cushing MLP Total Return Fund (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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