Key Points
- Director Holli Ladhani bought 3,621 shares of Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) at an average price of $13.81, a transaction worth about $50,006.
- After the purchase, Ladhani’s holdings increased to 7,221 shares, representing a 100.58% increase in their position.
- The fund also announced a monthly dividend of $0.085 per share, payable June 30 to shareholders of record on June 15, implying an annualized yield of about 7.3%.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) Director Holli Ladhani purchased 3,621 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $13.81 per share, with a total value of $50,006.01. Following the completion of the purchase, the director owned 7,221 shares of the company's stock, valued at approximately $99,722.01. This represents a 100.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Kayne Anderson Energy Infrastructure Fund Stock Up 0.9%
KYN opened at $13.95 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.31 and a 1-year high of $14.69. The company has a fifty day moving average price of $13.92 and a two-hundred day moving average price of $13.20.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.085 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, June 15th.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
Several hedge funds and other institutional investors have recently bought and sold shares of KYN. Leigh Baldwin & CO. LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 9.4% during the first quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider's stock worth $421,000 after acquiring an additional 2,531 shares in the last quarter. Rivernorth Capital Management LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.4% during the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider's stock worth $9,895,000 after acquiring an additional 3,096 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% during the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider's stock worth $311,000 after acquiring an additional 7,212 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter worth about $665,000. Finally, Bridgewater Advisors Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider's stock worth $2,683,000 after acquiring an additional 1,073 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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