Michael Hennigan Buys 5,000 Shares of Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $13.60 per share, with a total value of $68,000.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at $68,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.4%

KYN stock opened at $13.77 on Friday. The business’s fifty day moving average price is $13.83 and its two-hundred day moving average price is $13.42. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,100 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $61,000. JPMorgan Chase & Co. increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the period. Brown Advisory Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $105,000. Finally, Fortis Capital Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at approximately $124,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.