Key Points
- President James Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund on March 20 at an average price of $13.99 (total $349,750), boosting his direct ownership to 911,040 shares—a 2.82% increase—per an SEC filing.
- The fund declared a monthly dividend of $0.085 per share payable March 31 to holders of record on March 13 (ex-dividend March 13), implying an annualized yield of about 7.3%.
- KYN shares opened around $14.00 with a 50-day moving average of $13.49, a 200-day moving average of $12.54, and a 52-week range of $9.82 to $14.49.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) President James Baker acquired 25,000 shares of the firm's stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $13.99 per share, for a total transaction of $349,750.00. Following the completion of the transaction, the president directly owned 911,040 shares in the company, valued at approximately $12,745,449.60. This represents a 2.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Kayne Anderson Energy Infrastructure Fund Price Performance
Shares of NYSE KYN opened at $14.00 on Tuesday. The company's 50-day moving average price is $13.49 and its 200 day moving average price is $12.54. 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. Stockholders of record on Friday, March 13th will be given a $0.085 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.3%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of KYN. Johnson Investment Counsel Inc. grew its position in Kayne Anderson Energy Infrastructure Fund by 2.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider's stock valued at $526,000 after acquiring an additional 821 shares in the last quarter. Secure Asset Management LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% during the fourth quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider's stock worth $1,118,000 after purchasing an additional 827 shares in the last quarter. NewEdge Wealth LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 4.0% in the third quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider's stock valued at $300,000 after purchasing an additional 1,000 shares during the period. Mutual Advisors LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% in the fourth quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider's stock valued at $601,000 after purchasing an additional 1,011 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in Kayne Anderson Energy Infrastructure Fund by 0.6% during the 3rd quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider's stock valued at $2,182,000 after purchasing an additional 1,109 shares in the last quarter.
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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