Key Points
- Director Holli Ladhani bought 3,600 shares on Feb. 23 at an average of $13.89, a $50,004 purchase disclosed in an SEC filing.
- The fund declared a monthly dividend of $0.085 per share (record/ex-dividend date: Feb. 13) with a stated yield of 7.4%, payable Feb. 27.
- Shares opened at $13.80, trading near a 1-year high of $13.96 (1-year low $9.82); the 50‑day and 200‑day simple moving averages are $12.75 and $12.31.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) Director Holli Ladhani purchased 3,600 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were acquired at an average price of $13.89 per share, for a total transaction of $50,004.00. Following the purchase, the director owned 3,600 shares in the company, valued at $50,004. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kayne Anderson Energy Infrastructure Fund Stock Performance
Kayne Anderson Energy Infrastructure Fund stock opened at $13.80 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $13.96. The firm's fifty day simple moving average is $12.75 and its 200-day simple moving average is $12.31.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, February 13th.
Institutional Trading of Kayne Anderson Energy Infrastructure Fund
Several large investors have recently made changes to their positions in the stock. Motco acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $30,000. Bessemer Group Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund during the third quarter worth approximately $31,000. Parkside Financial Bank & Trust bought a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $33,000. Allworth Financial LP grew its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth 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 last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at approximately $61,000.
About Kayne Anderson Energy Infrastructure Fund
(
Get Free Report)
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.
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