Insider Buying: Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) President Buys 25,000 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were bought at an average cost of $11.81 per share, for a total transaction of $295,250.00. Following the acquisition, the president owned 861,040 shares in the company, valued at approximately $10,168,882.40. The trade was a 2.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN traded down $0.16 during trading hours on Wednesday, hitting $11.79. The stock had a trading volume of 527,269 shares, compared to its average volume of 417,217. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $9.82 and a 12 month high of $13.69. The stock has a fifty day moving average price of $11.95 and a 200 day moving average price of $12.19.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in KYN. Advisory Services Network LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 27.0% during the third quarter. Advisory Services Network LLC now owns 31,500 shares of the financial services provider’s stock valued at $390,000 after buying an additional 6,700 shares during the period. NewEdge Advisors LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 6.1% in the third quarter. NewEdge Advisors LLC now owns 102,188 shares of the financial services provider’s stock worth $1,264,000 after acquiring an additional 5,838 shares during the period. Zimmer Partners LP boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 150.0% during the 3rd quarter. Zimmer Partners LP now owns 250,000 shares of the financial services provider’s stock worth $3,092,000 after acquiring an additional 150,000 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 95.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 35,700 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 17,442 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 59.8% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 133,672 shares of the financial services provider’s stock valued at $1,654,000 after acquiring an additional 50,000 shares during the period.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.