Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock: Insider James Baker Purchases 25,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker purchased 25,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were purchased at an average cost of $13.24 per share, with a total value of $331,000.00. Following the completion of the purchase, the president owned 1,028,019 shares in the company, valued at $13,610,971.56. This represents a 2.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.5%

Shares of KYN traded up $0.06 during midday trading on Friday, reaching $13.20. The stock had a trading volume of 355,168 shares, compared to its average volume of 394,333. The firm’s 50 day moving average price is $14.32 and its 200-day moving average price is $14.05. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.44 and a 52 week high of $15.17.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0950 per share. The ex-dividend date is Monday, November 16th. This represents a $1.14 annualized dividend and a dividend yield of 8.6%.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $62,027,000. City of London Investment Management Co. Ltd. lifted its position in shares of 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 acquiring an additional 50,339 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in shares of 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 valued at $9,642,000 after acquiring an additional 4,302 shares during the last quarter. Magnus Financial Group LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 29.2% during 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 acquiring an additional 141,196 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $8,637,000.

About Kayne Anderson Energy Infrastructure Fund

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.