Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $14.38 and traded as high as $14.68. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.66, with a volume of 332,189 shares changing hands.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The business’s 50 day moving average price is $14.38 and its 200 day moving average price is $14.01.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.0950 dividend. This represents a $1.14 annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, October 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Buying and Selling

In other news, Director Carita Walker bought 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $14.70 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several large investors have recently made changes to their positions in the company. MGO One Seven LLC grew its stake in Kayne Anderson Energy Infrastructure Fund by 1.8% during the 3rd quarter. MGO One Seven LLC now owns 175,197 shares of the financial services provider’s stock valued at $2,383,000 after acquiring an additional 3,164 shares in the last quarter. Blueprint Investment Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 53.9% in the 3rd quarter. Blueprint Investment Partners LLC now owns 28,653 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 10,033 shares in the last quarter. Blueprint Financial Advisors LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 54.0% during the 3rd quarter. Blueprint Financial Advisors LLC now owns 28,669 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 10,049 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 321,508 shares of the financial services provider’s stock worth $4,373,000 after purchasing an additional 14,076 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 20,015 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 806 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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.