Shepherd Kaplan Krochuk LLC Buys New Stake in CUSHING RENAISS/COM (SZC)

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Shepherd Kaplan Krochuk LLC bought a new position in shares of CUSHING RENAISS/COM (NYSE:SZC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,420 shares of the investment management company’s stock, valued at approximately $261,000. Shepherd Kaplan Krochuk LLC owned 0.25% of CUSHING RENAISS/COM at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in CUSHING RENAISS/COM during the second quarter worth about $126,000. UBS Group AG grew its position in CUSHING RENAISS/COM by 73.9% during the first quarter. UBS Group AG now owns 8,855 shares of the investment management company’s stock worth $139,000 after buying an additional 3,763 shares during the period. OZ Management LP acquired a new position in CUSHING RENAISS/COM during the first quarter worth about $323,000. Landscape Capital Management L.L.C. acquired a new position in CUSHING RENAISS/COM during the first quarter worth about $334,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in CUSHING RENAISS/COM during the second quarter worth about $455,000.

Shares of SZC opened at $19.40 on Thursday. CUSHING RENAISS/COM has a twelve month low of $15.35 and a twelve month high of $21.30.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be given a $0.1367 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $1.64 annualized dividend and a dividend yield of 8.46%.

CUSHING RENAISS/COM Company Profile

The Cushing Renaissance Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.

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Institutional Ownership by Quarter for CUSHING RENAISS/COM (NYSE:SZC)

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