Key Points
- EVP Harrison James Little purchased 5,000 shares on April 17 at an average price of $13.19 for $65,950, raising his holdings to 20,662 shares (a 31.92% increase); he also bought 5,000 shares on March 19 at $14.12.
- The fund declared a monthly dividend of $0.085 per share (ex-dividend and record date April 15, payable April 30), implying an annualized yield of about 7.7%.
- Several institutions have recently increased or initiated positions, notably RFG Advisory (added 19,878 shares) and Rockefeller Capital Management (added 6,681 shares), signaling growing institutional interest.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) EVP Harrison James Little purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of $13.19 per share, for a total transaction of $65,950.00. Following the purchase, the executive vice president directly owned 20,662 shares in the company, valued at $272,531.78. The trade was a 31.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Harrison James Little also recently made the following trade(s):
- On Thursday, March 19th, Harrison James Little purchased 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock. The shares were acquired at an average price of $14.12 per share, with a total value of $70,600.00.
Kayne Anderson Energy Infrastructure Fund Trading Up 0.3%
Shares of NYSE:KYN opened at $13.26 on Tuesday. The firm has a fifty day moving average price of $13.91 and a 200 day moving average price of $12.77. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.21 and a 1-year high of $14.69.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 7.7%.
Institutional Trading of Kayne Anderson Energy Infrastructure Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TrueMark Investments LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 5.3% during the 1st quarter. TrueMark Investments LLC now owns 60,973 shares of the financial services provider's stock valued at $871,000 after acquiring an additional 3,096 shares during the last quarter. RFG Advisory LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 9.3% during the 1st quarter. RFG Advisory LLC now owns 233,923 shares of the financial services provider's stock worth $3,340,000 after buying an additional 19,878 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter worth $203,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 1.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 97,320 shares of the financial services provider's stock worth $1,390,000 after acquiring an additional 1,246 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,048 shares of the financial services provider's stock worth $2,501,000 after acquiring an additional 6,681 shares during the period.
Kayne Anderson Energy Infrastructure Fund Company Profile
(
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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