Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Holli Ladhani Purchases 3,621 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Holli Ladhani purchased 3,621 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $13.81 per share, for a total transaction of $50,006.01. Following the acquisition, the director owned 7,221 shares of the company’s stock, valued at $99,722.01. This trade represents a 100.58% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $13.95 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $14.69. The firm has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $13.20.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently bought and sold shares of KYN. Bessemer Group Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter worth $31,000. Allworth Financial LP raised its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,100 shares during the last quarter. International Assets Investment Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $61,000. JPMorgan Chase & Co. raised its stake in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter worth $105,000.

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.