Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Michael Hennigan Buys 15,000 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $271,400. This represents a 300.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN opened at $13.56 on Thursday. The business’s 50 day moving average is $13.83 and its 200 day moving average is $13.41. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

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

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Institutional investors have recently bought and sold shares of the stock. Indivisible Partners purchased a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at approximately $816,000. HighTower Advisors LLC raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 17.6% during the 3rd quarter. HighTower Advisors LLC now owns 380,549 shares of the financial services provider’s stock worth $4,707,000 after acquiring an additional 57,029 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $764,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter valued at $1,535,000. Finally, Manhattan West Asset Management LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund in the third quarter worth $701,000.

About Kayne Anderson Energy Infrastructure Fund

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.