Insider Buying: Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Buys 20,000 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker acquired 20,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $12.60 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the president now directly owns 700,939 shares in the company, valued at $8,831,831.40. The trade was a 2.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock opened at $12.43 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.13 and a 52-week high of $13.69. The stock’s 50 day moving average is $12.99 and its two-hundred day moving average is $12.24.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 7.72%.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of KYN. Raymond James Financial Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $33,724,000. Wells Fargo & Company MN increased its holdings in Kayne Anderson Energy Infrastructure Fund by 42.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,619,843 shares of the financial services provider’s stock worth $33,298,000 after purchasing an additional 774,922 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at approximately $4,454,000. Summit Financial LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $4,060,000. Finally, Bank of America Corp DE increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 7.5% in the 4th quarter. Bank of America Corp DE now owns 4,514,305 shares of the financial services provider’s stock valued at $57,377,000 after acquiring an additional 314,226 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.