Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Breaks Above 50 Day Moving Average – Here’s Why

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 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.

Kayne Anderson Energy Infrastructure Fund Stock Up 1.1%

The company has a fifty day moving average of $14.39 and a two-hundred day moving average of $14.02.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 15th were paid a dividend of $0.0950 per share. This represents a $1.14 annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, October 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In related news, Director Carita Walker acquired 3,400 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the acquisition, the director owned 3,400 shares in the company, valued at $49,980. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth approximately $62,027,000. City of London Investment Management Co. Ltd. increased its holdings in Kayne Anderson Energy Infrastructure Fund by 1.4% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,635,032 shares of the financial services provider’s stock valued at $49,436,000 after purchasing an additional 50,339 shares in the last quarter. Rivernorth Capital Management LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 0.4% in the 1st quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock valued at $9,895,000 after purchasing an additional 3,096 shares during the last quarter. Bard Associates Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $8,637,000. Finally, Magnus Financial Group LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 29.2% in the 3rd quarter. Magnus Financial Group LLC now owns 624,702 shares of the financial services provider’s stock valued at $8,496,000 after purchasing an additional 141,196 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.