Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Purchases $245,400.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker bought 20,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $12.27 per share, with a total value of $245,400.00. Following the acquisition, the president now directly owns 720,939 shares of the company’s stock, valued at approximately $8,845,921.53. This represents a 2.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN traded up $0.25 on Wednesday, reaching $12.34. 376,924 shares of the company’s stock were exchanged, compared to its average volume of 443,841. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $9.29 and a twelve month high of $13.69. The stock’s fifty day moving average price is $12.96 and its 200-day moving average price is $12.31.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 7.78%.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth $33,000. Concorde Asset Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter worth about $126,000. Means Investment CO. Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at about $127,000. Mengis Capital Management Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $128,000. Finally, Intellectus Partners LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 9.3% in the 3rd quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock worth $132,000 after acquiring 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.