Key Points
- Kayne Anderson Energy Infrastructure Fund CFO Austin Colby Parker bought 2,500 shares on May 13 at an average price of $13.99, a transaction worth $34,975. His direct ownership rose to 14,623 shares, a 20.62% increase in his position.
- Parker also made a similar insider purchase in March, acquiring 2,500 shares at $14.32 each for a total of $35,800, indicating continued buying activity.
- The fund recently announced a monthly dividend of $0.085 per share, payable May 29, which equates to an annualized yield of about 7.2%.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) CFO Austin Colby Parker purchased 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $13.99 per share, with a total value of $34,975.00. Following the transaction, the chief financial officer directly owned 14,623 shares in the company, valued at approximately $204,575.77. This trade represents a 20.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Austin Colby Parker also recently made the following trade(s):
- On Wednesday, March 25th, Austin Colby Parker acquired 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $35,800.00.
Kayne Anderson Energy Infrastructure Fund Price Performance
Shares of KYN stock opened at $14.11 on Thursday. The company's 50 day moving average is $13.89 and its 200 day moving average is $12.96. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $11.31 and a 52-week high of $14.69.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.
Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund
Several institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in Kayne Anderson Energy Infrastructure Fund by 8.4% during the first quarter. First Trust Advisors LP now owns 139,105 shares of the financial services provider's stock valued at $1,986,000 after buying an additional 10,824 shares during the period. Fortis Capital Management LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 14.0% during the first quarter. Fortis Capital Management LLC now owns 11,427 shares of the financial services provider's stock valued at $163,000 after buying an additional 1,400 shares during the period. Quantedge Capital Pte Ltd increased its holdings in Kayne Anderson Energy Infrastructure Fund by 10.9% during the first quarter. Quantedge Capital Pte Ltd now owns 144,094 shares of the financial services provider's stock valued at $2,058,000 after buying an additional 14,200 shares during the period. Independent Financial Group LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter valued at approximately $403,000. Finally, Sanctuary Advisors LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 11.0% during the first quarter. Sanctuary Advisors LLC now owns 15,356 shares of the financial services provider's stock valued at $219,000 after buying an additional 1,518 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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