Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Purchases $50,006.01 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Holli Ladhani purchased 3,621 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $13.81 per share, for a total transaction 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 represents a 100.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $14.14 on Friday. The company’s fifty day moving average price is $13.92 and its 200 day moving average price is $13.24. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $11.31 and a 1 year high of $14.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 1.3% during the fourth quarter. Morgan Stanley now owns 10,143,636 shares of the financial services provider’s stock worth $125,578,000 after buying an additional 131,366 shares in the last quarter. Bank of America Corp DE lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 5.8% during the second quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after purchasing an additional 256,721 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 7.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,985,262 shares of the financial services provider’s stock valued at $36,958,000 after purchasing an additional 203,027 shares in the last quarter. Brown Advisory Inc. purchased a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at $33,366,000. Finally, Advisors Asset Management Inc. lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 2.3% during the fourth quarter. Advisors Asset Management Inc. now owns 1,842,657 shares of the financial services provider’s stock valued at $22,812,000 after purchasing an additional 40,966 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.