Insider Buying: Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Acquires 5,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $13.60 per share, with a total value of $68,000.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately $68,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Down 1.0%

Shares of Kayne Anderson Energy Infrastructure Fund stock traded down $0.14 during trading on Wednesday, reaching $13.56. The company’s stock had a trading volume of 367,399 shares, compared to its average volume of 444,022. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $14.69. The business has a 50 day moving average price of $13.83 and a 200-day moving average price of $13.40.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% in the second quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 3,384 shares during the period. Baird Financial Group Inc. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 13.5% during the second quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock worth $585,000 after buying an additional 5,463 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $105,000. Finally, Cresset Asset Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $164,000.

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.