Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.33 and traded as high as $12.50. Kayne Anderson Energy Infrastructure Fund shares last traded at $12.46, with a volume of 153,289 shares traded.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.1 %

The business’s 50 day moving average is $12.53 and its 200-day moving average is $11.34.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a yield of 7.70%.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth about $33,000. International Assets Investment Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $46,000. Bank of New York Mellon Corp bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $103,000. Concorde Asset Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the third quarter valued at approximately $126,000. Finally, Intellectus Partners LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 9.3% during the third quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,000 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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.