Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Michael Hennigan Buys 5,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan bought 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $13.60 per share, for a total transaction of $68,000.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $68,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN opened at $13.56 on Thursday. The company’s 50 day simple moving average is $13.83 and its 200-day simple moving average is $13.41. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $11.31 and a one year high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.0%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently made changes to their positions in KYN. Allworth Financial LP raised its position in shares of 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 acquiring an additional 3,100 shares during the last quarter. International Assets Investment Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at about $61,000. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 6,877 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $105,000. Finally, Fortis Capital Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth about $124,000.

About Kayne Anderson Energy Infrastructure Fund

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.