Key Points
- President James Baker bought 25,000 KYN shares at an average $13.24 each, a $331,000 purchase. The transaction increased his stake by 2.49% to 1,028,019 shares.
- KYN announced a monthly dividend of $0.095 per share, equivalent to $1.14 annually and an indicated yield of 8.6%; shareholders of record November 16 are eligible.
- The fund’s shares opened at $13.20, below their 50-day and 200-day moving averages of $14.29 and $14.05, respectively.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN - Get Free Report) EVP Harrison Little bought 3,900 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $13.21 per share, for a total transaction of $51,519.00. Following the purchase, the executive vice president directly owned 25,453 shares in the company, valued at $336,234.13. This trade represents a 18.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kayne Anderson Energy Infrastructure Fund Stock Up 0.5%
NYSE KYN traded up $0.06 during trading hours on Friday, reaching $13.20. The company's stock had a trading volume of 454,761 shares, compared to its average volume of 394,857. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $11.44 and a 1 year high of $15.17. The firm's 50-day moving average price is $14.29 and its 200-day moving average price is $14.05.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0950 per share. The ex-dividend date is Monday, November 16th. This represents a $1.14 annualized dividend and a dividend yield of 8.6%.
Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. Manhattan West Asset Management LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $664,000. Visionary Wealth Advisors purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth $510,000. Cura Wealth Advisors LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $1,093,000. Beverly Hills Private Wealth LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $2,639,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $853,000.
About Kayne Anderson Energy Infrastructure Fund
(
Get Free Report)
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.
KYN's portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.
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