Insider Buying: Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Acquires $68,000.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $13.60 per share, with a total value of $68,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $68,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.7%

Shares of NYSE KYN opened at $13.87 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $14.69. The stock has a fifty day simple moving average of $13.84 and a 200-day simple moving average of $13.42.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.8%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares in the last quarter. First Trust Advisors LP lifted its holdings 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 buying an additional 3,384 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 13.5% during the 2nd quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock worth $585,000 after buying an additional 5,463 shares in the last quarter. Brown Advisory Inc. purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $105,000. Finally, Cresset Asset Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $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.