Holli Ladhani Acquires 3,621 Shares of Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Holli Ladhani purchased 3,621 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director directly owned 7,221 shares of the company’s stock, valued at approximately $99,722.01. This trade represents a 100.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE KYN traded up $0.12 during midday trading on Tuesday, hitting $13.95. The company had a trading volume of 495,019 shares, compared to its average volume of 452,703. The firm has a fifty day simple moving average of $13.92 and a two-hundred day simple moving average of $13.20. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $14.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.085 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KYN. Bessemer Group Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter worth about $31,000. Allworth Financial LP raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,100 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth approximately $61,000. JPMorgan Chase & Co. raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares during the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $105,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.