Key Points
- CFO Austin Colby Parker acquired 2,500 shares of Kayne Anderson Energy Infrastructure Fund at an average price of $14.32 (total $35,800), boosting his stake 26.29% to 12,011 shares; the purchase was disclosed in an SEC filing.
- The fund declared a monthly dividend of $0.085 with an ex-dividend date of March 13 and payment on March 31, implying an approximate annualized yield of 7.2%.
- Several institutions increased positions in Q4—most notably NewEdge Advisors (+89%), Zazove Associates (+7%), and Rockefeller Capital Management (+3.4%)—indicating recent institutional inflows.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) CFO Austin Colby Parker acquired 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of $14.32 per share, with a total value of $35,800.00. Following the purchase, the chief financial officer directly owned 12,011 shares of the company's stock, valued at approximately $171,997.52. This trade represents a 26.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Kayne Anderson Energy Infrastructure Fund Stock Performance
NYSE KYN opened at $14.21 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $9.82 and a 52 week high of $14.49. The business has a 50 day moving average price of $13.56 and a 200-day moving average price of $12.57.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
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. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.2%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 202,048 shares of the financial services provider's stock valued at $2,501,000 after buying an additional 6,681 shares during the last quarter. Corient Private Wealth LLC lifted its position in Kayne Anderson Energy Infrastructure Fund by 52.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,637 shares of the financial services provider's stock valued at $231,000 after acquiring an additional 6,409 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Kayne Anderson Energy Infrastructure Fund by 12.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,977 shares of the financial services provider's stock valued at $495,000 after purchasing an additional 4,277 shares during the last quarter. Zazove Associates LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 7.0% during the 4th quarter. Zazove Associates LLC now owns 414,961 shares of the financial services provider's stock valued at $5,137,000 after purchasing an additional 27,000 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 89.0% during the 4th quarter. NewEdge Advisors LLC now owns 193,086 shares of the financial services provider's stock worth $2,390,000 after purchasing an additional 90,898 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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