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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker purchased 25,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of $13.99 per share, with a total value of $349,750.00. Following the purchase, the president directly owned 911,040 shares of the company’s stock, valued at approximately $12,745,449.60. The trade was a 2.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN traded up $0.11 during midday trading on Monday, reaching $14.08. The stock had a trading volume of 269,016 shares, compared to its average volume of 445,841. The firm has a fifty day simple moving average of $13.46 and a two-hundred day simple moving average of $12.53. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $9.82 and a 12-month high of $14.49.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at approximately $31,000. Allworth Financial LP lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after buying an additional 3,100 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $61,000. JPMorgan Chase & Co. boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after buying an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $105,000.

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.