Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.16 and traded as high as $12.23. Kayne Anderson Energy Infrastructure Fund shares last traded at $12.0850, with a volume of 219,245 shares traded.

Kayne Anderson Energy Infrastructure Fund Price Performance

The company has a 50 day moving average price of $11.89 and a 200 day moving average price of $12.16.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.085 dividend. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Thursday, January 15th.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 25,000 shares of the business’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $11.74 per share, for a total transaction of $293,500.00. Following the transaction, the president owned 886,040 shares in the company, valued at approximately $10,402,109.60. This trade represents a 2.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael N. Mears bought 10,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, October 6th. The stock was acquired at an average cost of $12.24 per share, for a total transaction of $122,400.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $122,400. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 60,000 shares of company stock valued at $711,150 over the last three months.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 22.8% during the first quarter. Invesco Ltd. now owns 134,730 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 25,044 shares during the period. Walleye Capital LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 135.4% during the 1st quarter. Walleye Capital LLC now owns 62,101 shares of the financial services provider’s stock worth $797,000 after buying an additional 35,719 shares during the period. Comerica Bank increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 26.0% in the 1st quarter. Comerica Bank now owns 125,014 shares of the financial services provider’s stock valued at $1,604,000 after acquiring an additional 25,775 shares during the last quarter. Cura Wealth Advisors LLC raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 7.5% in the 1st quarter. Cura Wealth Advisors LLC now owns 79,038 shares of the financial services provider’s stock valued at $1,014,000 after acquiring an additional 5,512 shares during the period. Finally, Royal Bank of Canada boosted its stake in Kayne Anderson Energy Infrastructure Fund by 12.2% during the 1st quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock worth $28,760,000 after acquiring an additional 242,905 shares during the last quarter.

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.