Key Points
- Director Carita Walker purchased 3,400 KYN shares at an average price of $14.70, investing $49,980 and bringing her total holdings to 3,400 shares.
- KYN shares opened at $14.59, above their 50-day and 200-day moving averages, and trade within a 52-week range of $11.31 to $15.17.
- The fund announced a monthly dividend of $0.09 per share, representing an indicated 7.4% annualized yield; several institutional investors also modestly increased their positions.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) Director Carita Walker acquired 3,400 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $14.70 per share, with a total value of $49,980.00. Following the acquisition, the director owned 3,400 shares of the company's stock, valued at $49,980. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Kayne Anderson Energy Infrastructure Fund Price Performance
Shares of KYN opened at $14.59 on Friday. The business's 50 day moving average price is $14.25 and its 200-day moving average price is $14.01. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.31 and a 52 week high of $15.17.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of KYN. Johnson Investment Counsel Inc. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.0% during the 4th quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider's stock valued at $526,000 after buying an additional 821 shares in the last quarter. Secure Asset Management LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 1.0% in the second quarter. Secure Asset Management LLC now owns 79,697 shares of the financial services provider's stock worth $1,102,000 after acquiring an additional 827 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 3.4% in the first quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider's stock worth $389,000 after acquiring an additional 947 shares in the last quarter. Mutual Advisors LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 2.1% during the fourth quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider's stock worth $601,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Bridgewater Advisors Inc. increased its stake in 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 during 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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