Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) President James Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Thursday, November 5th. The shares were bought at an average price of $13.24 per share, with a total value of $331,000.00. Following the completion of the acquisition, the president directly owned 1,028,019 shares of the company’s stock, valued at approximately $13,610,971.56. This represents a 2.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kayne Anderson Energy Infrastructure Fund Stock Up 0.0%
KYN opened at $13.20 on Monday. The stock has a 50-day moving average price of $14.29 and a 200-day moving average price of $14.05. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $11.44 and a 1 year high of $15.17.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.0950 per share. This represents a $1.14 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Monday, November 16th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth approximately $98,000. Integrated Wealth Concepts LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $132,000. Ausdal Financial Partners Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $144,000. Axxcess Wealth Management LLC lifted its position in Kayne Anderson Energy Infrastructure Fund by 7.6% during the third quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 775 shares during the period. Finally, Equitable Holdings Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter worth approximately $161,000.
Kayne Anderson Energy Infrastructure Fund Company Profile
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.
KYN’s portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.
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