Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Purchases $203,550.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 15,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the completion of the acquisition, the director owned 20,000 shares in the company, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN opened at $13.87 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $14.69. The company’s 50-day moving average price is $13.84 and its 200 day moving average price is $13.42.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

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

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in the stock. Leigh Baldwin & CO. LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 9.4% in the first quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 2,531 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.4% during the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock worth $9,895,000 after buying an additional 3,096 shares during the period. Quantinno Capital Management LP boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% during the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock worth $311,000 after buying an additional 7,212 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the first quarter valued at $665,000. Finally, Bridgewater Advisors Inc. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% in the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock valued at $2,683,000 after buying an additional 1,073 shares in the last quarter.

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.