Insider Buying: Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) President Buys $295,250.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker acquired 25,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $11.81 per share, for a total transaction of $295,250.00. Following the purchase, the president directly owned 861,040 shares of the company’s stock, valued at approximately $10,168,882.40. This trade represents a 2.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.0%

KYN opened at $11.70 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $9.82 and a 12-month high of $13.69. The business has a 50 day moving average of $11.92 and a 200-day moving average of $12.18.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a yield of 8.2%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Motco acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $30,000. Bessemer Group Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at about $31,000. Parkside Financial Bank & Trust acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $33,000. CWM LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 39.3% during the first quarter. CWM LLC now owns 3,307 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 933 shares during the period. Finally, JPMorgan Chase & Co. grew its position 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 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.