Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) President James Baker Purchases 25,000 Shares of Company Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker bought 25,000 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were acquired at an average cost of $13.24 per share, for a total transaction 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 $13,610,971.56. This trade represents a 2.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.5%

Shares of NYSE KYN traded up $0.06 during midday trading on Friday, hitting $13.20. The company’s stock had a trading volume of 355,168 shares, compared to its average volume of 394,333. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.44 and a 1-year high of $15.17. The firm’s fifty day moving average price is $14.32 and its 200-day moving average price is $14.05.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.0950 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.14 dividend on an annualized basis and a yield of 8.6%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in KYN. Lido Advisors LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the third quarter worth approximately $1,486,000. Csenge Advisory Group increased its position in Kayne Anderson Energy Infrastructure Fund by 8.1% in the 3rd quarter. Csenge Advisory Group now owns 20,850 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 1,556 shares during the period. Allspring Global Investments Holdings LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 6.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,871 shares of the financial services provider’s stock valued at $1,521,000 after acquiring an additional 6,501 shares during the period. Edgemoor Investment Advisors Inc. increased its position in Kayne Anderson Energy Infrastructure Fund by 1.2% in the 3rd quarter. Edgemoor Investment Advisors Inc. now owns 188,533 shares of the financial services provider’s stock valued at $2,564,000 after acquiring an additional 2,225 shares during the period. Finally, Uhlmann Price Securities LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 5.5% during the 3rd quarter. Uhlmann Price Securities LLC now owns 48,313 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 2,538 shares in 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.