Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.08 and traded as high as $14.49. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.2450, with a volume of 521,412 shares traded.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The firm has a 50-day moving average price of $13.94 and a 200 day moving average price of $13.09.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.085 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Insider Buying and Selling

In related news, CFO Austin Colby Parker bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the acquisition, the chief financial officer owned 14,623 shares in the company, valued at approximately $204,575.77. This trade represents a 20.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holli C. Ladhani bought 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $13.89 per share, with a total value of $50,004.00. Following the completion of the acquisition, the director owned 3,600 shares of the company’s stock, valued at $50,004. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 93,600 shares of company stock valued at $1,288,079.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KYN. Leigh Baldwin & CO. LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 9.4% in the first quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider’s stock valued at $421,000 after buying an additional 2,531 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 0.4% in the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock valued at $9,895,000 after buying an additional 3,096 shares in the last quarter. Quantinno Capital Management LP raised its stake in Kayne Anderson Energy Infrastructure Fund by 49.5% in the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock valued at $311,000 after buying an additional 7,212 shares in the last quarter. Waverly Advisors LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the first quarter valued at $665,000. Finally, Bridgewater Advisors Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 1,073 shares in 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.