Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.08 and traded as high as $14.49. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.2450, with a volume of 521,412 shares traded.

Kayne Anderson Energy Infrastructure Fund Price Performance

The stock has a 50-day simple moving average of $13.94 and a two-hundred day simple moving average of $13.08.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani purchased 3,600 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, February 23rd. The stock was purchased at an average price of $13.89 per share, with a total value of $50,004.00. Following the transaction, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Austin Colby Parker acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $13.99 per share, with a total value of $34,975.00. Following the completion of the purchase, the chief financial officer owned 14,623 shares in the company, valued at $204,575.77. This trade represents a 20.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 93,600 shares of company stock worth $1,288,079 over the last 90 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. TrueMark Investments LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth approximately $550,000. HighTower Advisors LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 17.6% in the 3rd quarter. HighTower Advisors LLC now owns 380,549 shares of the financial services provider’s stock worth $4,707,000 after purchasing an additional 57,029 shares during the period. Pallas Capital Advisors LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth approximately $764,000. Indivisible Partners bought a new position in Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth approximately $816,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth approximately $1,535,000.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.