Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Acquires $285,250.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker acquired 25,000 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $11.41 per share, with a total value of $285,250.00. Following the completion of the transaction, the president now directly owns 761,040 shares of the company’s stock, valued at $8,683,466.40. This trade represents a 3.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN traded down $0.45 on Monday, reaching $10.87. The company’s stock had a trading volume of 2,106,749 shares, compared to its average volume of 484,108. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $9.29 and a 12-month high of $13.69. The stock has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.54.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.96 dividend on an annualized basis and a yield of 8.84%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Means Investment CO. Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth approximately $127,000. Mengis Capital Management Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at approximately $128,000. Powell Investment Advisors LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at approximately $136,000. Intellectus Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 12.8% during the fourth quarter. Intellectus Partners LLC now owns 13,250 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $178,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.