Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $14.38 and traded as high as $14.68. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.66, with a volume of 332,189 shares trading hands.

Kayne Anderson Energy Infrastructure Fund Stock Up 2.2%

The business has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $14.01.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.0950 per share. The ex-dividend date is Thursday, October 15th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a $1.14 annualized dividend and a yield of 7.8%.

Insiders Place Their Bets

In other news, Director Carita Walker purchased 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $14.70 per share, with a total value of $49,980.00. Following the transaction, the director owned 3,400 shares in the company, valued at $49,980. This represents a ∞ 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.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 1.8% in the third quarter. MGO One Seven LLC now owns 175,197 shares of the financial services provider’s stock valued at $2,383,000 after purchasing an additional 3,164 shares during the period. Blueprint Investment Partners LLC lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 53.9% in the 3rd quarter. Blueprint Investment Partners LLC now owns 28,653 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 10,033 shares during the last quarter. Blueprint Financial Advisors LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 54.0% during the 3rd quarter. Blueprint Financial Advisors LLC now owns 28,669 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 10,049 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 321,508 shares of the financial services provider’s stock worth $4,373,000 after purchasing an additional 14,076 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 20,015 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 806 shares during the period.

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.