Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) President James Baker Purchases 25,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker bought 25,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of $13.67 per share, for a total transaction of $341,750.00. Following the completion of the acquisition, the president directly owned 978,019 shares of the company’s stock, valued at approximately $13,369,519.73. This trade represents a 2.62% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Down 1.3%

Shares of KYN opened at $13.87 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $10.30 and a 12 month high of $14.69. The firm’s 50 day moving average is $13.86 and its 200-day moving average is $12.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds have recently bought and sold shares of the company. Johnson Investment Counsel Inc. increased its holdings in Kayne Anderson Energy Infrastructure Fund by 2.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after buying an additional 821 shares during the period. Secure Asset Management LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 0.9% in the 4th quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock valued at $1,118,000 after buying an additional 827 shares during the period. NewEdge Wealth LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 4.0% in the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock valued at $300,000 after buying an additional 1,000 shares during the period. Mutual Advisors LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 2.1% in the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock valued at $601,000 after buying an additional 1,011 shares during the period. Finally, Prospera Financial Services Inc increased its holdings in Kayne Anderson Energy Infrastructure Fund by 0.6% in the 3rd quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider’s stock valued at $2,182,000 after buying an additional 1,109 shares during the period.

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.