Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.17 and traded as high as $14.67. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.43, with a volume of 307,151 shares traded.

Kayne Anderson Energy Infrastructure Fund Price Performance

The company’s 50 day moving average is $14.65 and its two-hundred day moving average is $14.17.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Insider Activity

In related news, Director Carita Walker acquired 3,400 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $14.70 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director owned 3,400 shares in the company, valued at $49,980. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Hennigan bought 15,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average price of $13.57 per share, with a total value of $203,550.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at $271,400. The trade was a 300.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 23,400 shares of company stock worth $321,530.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently modified their holdings of KYN. Bank of America Corp DE bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $62,027,000. Brown Advisory Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $33,366,000. Terril Brothers Inc. grew its stake in Kayne Anderson Energy Infrastructure Fund by 0.9% in the fourth quarter. Terril Brothers Inc. now owns 1,473,657 shares of the financial services provider’s stock valued at $18,244,000 after acquiring an additional 12,900 shares during the period. Rivernorth Capital Management LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 0.6% during the 2nd quarter. Rivernorth Capital Management LLC now owns 697,198 shares of the financial services provider’s stock worth $9,642,000 after purchasing an additional 4,302 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $8,637,000.

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.