Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Director Michael Hennigan Purchases 5,000 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Director Michael Hennigan purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $13.60 per share, for a total transaction of $68,000.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately $68,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN traded down $0.14 on Wednesday, reaching $13.56. The stock had a trading volume of 367,399 shares, compared to its average volume of 444,022. The firm has a 50-day moving average of $13.83 and a 200 day moving average of $13.40. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.09 dividend. This represents a c) annualized dividend and a yield of 8.0%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KYN. Morgan Stanley boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.3% in the 4th quarter. Morgan Stanley now owns 10,143,636 shares of the financial services provider’s stock worth $125,578,000 after buying an additional 131,366 shares in the last quarter. Bank of America Corp DE increased its holdings in Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after acquiring an additional 256,721 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Kayne Anderson Energy Infrastructure Fund by 7.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,985,262 shares of the financial services provider’s stock valued at $36,958,000 after acquiring an additional 203,027 shares in the last quarter. Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $33,366,000. Finally, Advisors Asset Management Inc. raised its position in Kayne Anderson Energy Infrastructure Fund by 2.3% during the fourth quarter. Advisors Asset Management Inc. now owns 1,842,657 shares of the financial services provider’s stock worth $22,812,000 after acquiring an additional 40,966 shares during the last quarter.

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.