Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.67 and traded as high as $14.92. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.77, with a volume of 403,790 shares trading hands.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The stock has a 50-day moving average price of $14.02 and a 200-day moving average price of $13.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, July 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Activity

In other news, CFO Austin Colby Parker acquired 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $13.99 per share, with a total value of $34,975.00. Following the purchase, the chief financial officer owned 14,623 shares in the company, valued at $204,575.77. This trade represents a 20.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President James C. Baker acquired 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $13.57 per share, with a total value of $339,250.00. Following the completion of the transaction, the president owned 1,003,019 shares of the company’s stock, valued at $13,610,967.83. This trade represents a 2.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 51,121 shares of company stock worth $695,781 over the last quarter.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the period. First Trust Advisors LP increased its holdings in Kayne Anderson Energy Infrastructure Fund by 3.7% in the second quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 3,384 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 13.5% in the second quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock valued at $585,000 after buying an additional 5,463 shares during the period. Brown Advisory Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $105,000. Finally, Cresset Asset Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $164,000.

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.