Insider Buying: Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Purchases $203,550.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was bought at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the acquisition, the director owned 20,000 shares in the company, valued at $271,400. The trade was a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN traded down $0.14 during midday trading on Wednesday, hitting $13.56. The stock had a trading volume of 367,399 shares, compared to its average volume of 444,022. 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 $13.83 and a 200 day moving average price of $13.40.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares during the period. First Trust Advisors LP boosted its position in Kayne Anderson Energy Infrastructure Fund by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 3,384 shares during the period. Baird Financial Group Inc. increased its holdings in Kayne Anderson Energy Infrastructure Fund by 13.5% in the 2nd quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 5,463 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $105,000. Finally, Cresset Asset Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $164,000.

About Kayne Anderson Energy Infrastructure Fund

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.