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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker acquired 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average cost of $13.99 per share, with a total value of $349,750.00. Following the completion of the acquisition, the president owned 911,040 shares of the company’s stock, valued at $12,745,449.60. The trade was a 2.82% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.8%

Kayne Anderson Energy Infrastructure Fund stock traded up $0.11 during trading hours on Monday, hitting $14.08. The stock had a trading volume of 269,016 shares, compared to its average volume of 445,841. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $14.49. The stock’s fifty day moving average is $13.46 and its two-hundred day moving average is $12.53.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, March 13th.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Large investors have recently modified their holdings of the business. Bessemer Group Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth approximately $31,000. Allworth Financial LP raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,100 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $61,000. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at $105,000.

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.