Key Points
- EVP Harrison James Little bought 5,000 shares of KYN on March 19 at an average price of $14.12 for $70,600, raising his ownership 47.17% to 15,599 shares (about $220,258).
- The fund declared a monthly dividend of $0.085 per share payable March 31 to holders of record on March 13, representing an annualized yield of roughly 7.2%.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) EVP Harrison James Little purchased 5,000 shares of the stock in a transaction on Thursday, March 19th. The stock was acquired at an average cost of $14.12 per share, for a total transaction of $70,600.00. Following the acquisition, the executive vice president directly owned 15,599 shares in the company, valued at approximately $220,257.88. This trade represents a 47.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kayne Anderson Energy Infrastructure Fund Stock Up 1.0%
NYSE:KYN opened at $14.22 on Friday. The company has a 50-day moving average of $13.43 and a 200-day moving average of $12.52. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $9.82 and a 52 week high of $14.49.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.085 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, March 13th.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
A number of institutional investors have recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider's stock valued at $526,000 after purchasing an additional 821 shares during the period. Secure Asset Management LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% during the 4th quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider's stock worth $1,118,000 after buying an additional 827 shares during the period. NewEdge Wealth LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 4.0% in the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider's stock valued at $300,000 after buying an additional 1,000 shares in the last quarter. Mutual Advisors LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 2.1% in the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider's stock valued at $601,000 after buying an additional 1,011 shares in the last quarter. Finally, Prospera Financial Services Inc grew its position in Kayne Anderson Energy Infrastructure Fund by 0.6% in the third quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider's stock valued at $2,182,000 after acquiring an additional 1,109 shares during the period.
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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