Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Acquires $245,400.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker purchased 20,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $12.27 per share, for a total transaction of $245,400.00. Following the completion of the transaction, the president now directly owns 720,939 shares in the company, valued at $8,845,921.53. The trade was a 2.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN opened at $12.48 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.29 and a 1-year high of $13.69. The business’s 50-day moving average price is $12.93 and its two-hundred day moving average price is $12.31.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Choreo LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 2.8% in the fourth quarter. Choreo LLC now owns 32,266 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 874 shares during the period. Truist Financial Corp increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% in the 4th quarter. Truist Financial Corp now owns 57,207 shares of the financial services provider’s stock valued at $727,000 after buying an additional 2,533 shares in the last quarter. Walleye Capital LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 24.4% during the 3rd quarter. Walleye Capital LLC now owns 46,134 shares of the financial services provider’s stock worth $507,000 after buying an additional 9,061 shares during the period. Larson Financial Group LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter worth about $140,000. Finally, HighTower Advisors LLC grew its stake in Kayne Anderson Energy Infrastructure Fund by 31.6% in the third quarter. HighTower Advisors LLC now owns 434,029 shares of the financial services provider’s stock valued at $4,776,000 after acquiring an additional 104,149 shares during the period.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.