BB&T Securities LLC Sells 1,923 Shares of Cushing Energy Income Cf (NYSE:SRF) – TechNewsObserver

BB&T Securities LLC cut its position in shares of Cushing Energy Income Cf (NYSE:SRF) by 15.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,273 shares of the companys stock after selling 1,923 shares during the period. BB&T Securities LLCs holdings in Cushing Energy Income Cf were worth $71,000 at the end of the most recent reporting period.

Separately, Cardan Capital Partners LLC grew its holdings in shares of Cushing Energy Income Cf by 8.5% during the second quarter. Cardan Capital Partners LLC now owns 48,451 shares of the companys stock worth $338,000 after purchasing an additional 3,781 shares during the last quarter.

Shares of SRF stock traded up $0.03 during trading hours on Thursday, hitting $6.53. 308 shares of the companys stock were exchanged, compared to its average volume of 6,628. The stocks 50-day moving average is $6.14 and its 200-day moving average is $7.00. Cushing Energy Income Cf has a 52 week low of $5.81 and a 52 week high of $9.48.

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, September 13th.

Cushing Energy Income Cf Profile

The Cushing Energy Income Fund is a closed ended equity mutual fund of funds launched and managed by Cushing Asset Management, LP. The fund invests in the public equity markets of North America. It seeks to invest in stocks of companies operating in the energy and energy related sectors. The fund primarily invests in securities of royalty trusts, exploration and production trusts, exploration and production master limited partnerships, and dividend paying value and growth stocks of companies across all market capitalizations.

Further Reading: How Do Mutual Funds Work?

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BB&T Securities LLC Sells 1,923 Shares of Cushing Energy Income Cf (NYSE:SRF) - TechNewsObserver