Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $14.17 and traded as high as $14.22. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.1960, with a volume of 296,754 shares trading hands.
Kayne Anderson Energy Infrastructure Fund Trading Up 0.2%
The business has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $14.17.
Kayne Anderson Energy Infrastructure Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.0950 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a $1.14 dividend on an annualized basis and a yield of 8.0%.
Insider Buying and Selling
Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund
Large investors have recently made changes to their positions in the stock. CX Institutional boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 15,649.7% during the 3rd quarter. CX Institutional now owns 23,467 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 23,318 shares during the period. Arlington Capital Management Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $221,000. AG Asset Advisory LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 8.1% during the second quarter. AG Asset Advisory LLC now owns 120,714 shares of the financial services provider’s stock worth $1,669,000 after purchasing an additional 9,000 shares in the last quarter. Concorde Asset Management LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 2.6% during the second quarter. Concorde Asset Management LLC now owns 46,170 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $132,000.
About Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.
KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.
The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.
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