Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) President James Baker bought 25,000 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average cost of $13.57 per share, with a total value of $339,250.00. Following the acquisition, the president directly owned 1,003,019 shares in the company, valued at approximately $13,610,967.83. This trade represents a 2.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Kayne Anderson Energy Infrastructure Fund Stock Up 1.0%
KYN opened at $13.56 on Tuesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.31 and a 52 week high of $14.69. The company has a fifty day moving average price of $13.89 and a two-hundred day moving average price of $12.81.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.085 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Wednesday, April 15th.
Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund
Several institutional investors have recently modified their holdings of the stock. Morgan Stanley grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.3% during the 4th quarter. Morgan Stanley now owns 10,143,636 shares of the financial services provider's stock worth $125,578,000 after buying an additional 131,366 shares during the period. Bank of America Corp DE increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider's stock valued at $59,367,000 after buying an additional 256,721 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 7.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,985,262 shares of the financial services provider's stock valued at $36,958,000 after buying an additional 203,027 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $33,366,000. Finally, Advisors Asset Management Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 1,842,657 shares of the financial services provider's stock valued at $22,812,000 after buying an additional 40,966 shares in the last quarter.
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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