Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Michael Hennigan Acquires 15,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of $13.57 per share, with a total value of $203,550.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. The trade was a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Down 1.0%

NYSE KYN traded down $0.14 during mid-day trading on Wednesday, reaching $13.56. 367,399 shares of the stock were exchanged, compared to its average volume of 444,022. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.31 and a 1-year high of $14.69. The business’s fifty day simple moving average is $13.83 and its 200 day simple moving average is $13.40.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after buying an additional 6,877 shares during the period. First Trust Advisors LP lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock worth $1,197,000 after acquiring an additional 3,384 shares during the period. Baird Financial Group Inc. boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 13.5% in the second quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 5,463 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $105,000. Finally, Cresset Asset Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $164,000.

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.