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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Free Report) Director Holli Ladhani acquired 3,621 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director directly owned 7,221 shares of the company’s stock, valued at $99,722.01. This trade represents a 100.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN opened at $14.03 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $11.31 and a one year high of $14.69. The company has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $13.23.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

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

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several large investors have recently made changes to their positions in KYN. Brown Advisory Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at approximately $33,366,000. City of London Investment Management Co. Ltd. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock valued at $21,311,000 after purchasing an additional 1,379,614 shares during the last quarter. Bard Associates Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 462.7% during the third quarter. Bard Associates Inc. now owns 393,005 shares of the financial services provider’s stock valued at $4,861,000 after purchasing an additional 323,161 shares during the last quarter. Zimmer Partners LP lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% during the fourth quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 304,700 shares during the last quarter. Finally, Rivernorth Capital Management LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 78.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 689,800 shares of the financial services provider’s stock valued at $8,540,000 after purchasing an additional 302,256 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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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.

Further Reading

Insider Buying and Selling by Quarter for Kayne Anderson Energy Infrastructure Fund (NYSE:KYN)

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