Raymond James Amends NXG NextGen Infra Fund Stake
Ticker: NXG · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1506488
| Field | Detail |
|---|---|
| Company | Nxg Nextgen Infrastructure Income Fund (NXG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, fund-holding
TL;DR
**Raymond James still holds NXG NextGen Infrastructure Income Fund shares, signaling continued institutional interest.**
AI Summary
Raymond James & Associates, Inc. filed an amended SC 13G/A on January 26, 2024, indicating their ownership of Common Shares in NXG NextGen Infrastructure Income Fund (formerly Cushing NextGen Infrastructure Income Fund) as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures, confirming their continued significant, but passive, stake in the fund. For investors, this means a major financial institution remains invested, potentially signaling confidence, but the specific percentage of ownership is not detailed in the provided text, making it hard to gauge the exact impact of this amendment.
Why It Matters
This filing confirms Raymond James's ongoing, passive investment in NXG NextGen Infrastructure Income Fund, which can be a positive signal for current and prospective shareholders regarding institutional confidence.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake with no immediate negative implications.
Analyst Insight
Investors should note Raymond James's continued, passive institutional ownership as a potential sign of stability, but should not interpret this routine filing as an immediate buy or sell signal without further analysis of the fund's performance and Raymond James's specific ownership percentage (which is not detailed here).
Key Numbers
- 231647207 — CUSIP Number (identifies the Common Shares of NXG NextGen Infrastructure Income Fund)
- 005-89590 — SEC File Number (identifies the registration of NXG NextGen Infrastructure Income Fund with the SEC)
- Amendment No. 3 — Filing Amendment Number (indicates this is the third amendment to a previous Schedule 13G filing)
Key Players & Entities
- Raymond James & Associates, Inc. (company) — the reporting person filing the SC 13G/A
- NXG NextGen Infrastructure Income Fund (company) — the subject company whose securities are being reported
- Cushing NextGen Infrastructure Income Fund (company) — the former name of the subject company
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Raymond James & Associates, Inc. will maintain a passive investment in NXG NextGen Infrastructure Income Fund. (Raymond James & Associates, Inc.) — high confidence, target: Next 12 months
- The NXG NextGen Infrastructure Income Fund will continue to attract institutional interest due to its infrastructure focus. (NXG NextGen Infrastructure Income Fund) — medium confidence, target: Next 24 months
FAQ
What type of securities does Raymond James & Associates, Inc. hold in NXG NextGen Infrastructure Income Fund?
Raymond James & Associates, Inc. holds 'Common Shares' of NXG NextGen Infrastructure Income Fund, as stated under 'Title of Class of Securities' in the filing.
What was the date of the event that triggered this SC 13G/A filing by Raymond James & Associates, Inc.?
The date of the event which required the filing of this statement was December 31, 2023, as indicated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as designated by the 'X' in the appropriate box on the cover page.
What was the previous name of NXG NextGen Infrastructure Income Fund?
The previous name of the subject company was 'Cushing NextGen Infrastructure Income Fund', as listed under 'FORMER COMPANY' data in the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Shares of NXG NextGen Infrastructure Income Fund is 231647207, as stated on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding NXG NextGen Infrastructure Income Fund (NXG).