Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Acquires $245,400.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $12.27 per share, for a total transaction of $245,400.00. Following the completion of the purchase, the president now directly owns 720,939 shares of the company’s stock, valued at $8,845,921.53. This represents a 2.85 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock opened at $12.34 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $9.29 and a 52 week high of $13.69. The company’s 50-day simple moving average is $12.95 and its 200 day simple moving average is $12.31.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 7.78%.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of large investors have recently bought and sold shares of the company. Leigh Baldwin & CO. LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $320,000. Griffith & Werner Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $206,000. Focus Partners Advisor Solutions LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $1,441,000. Visionary Wealth Advisors lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 19.4% in the fourth quarter. Visionary Wealth Advisors now owns 261,354 shares of the financial services provider’s stock worth $3,322,000 after acquiring an additional 42,534 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 29.4% in the fourth quarter. Lazard Asset Management LLC now owns 97,435 shares of the financial services provider’s stock worth $1,238,000 after acquiring an additional 22,111 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.