Kayne Anderson NextGen Energy & Infrastructure (NYSE:KMF) Share Price Crosses Above 200-Day Moving Average of $7.88

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF – Get Rating)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.88 and traded as high as $7.95. Kayne Anderson NextGen Energy & Infrastructure shares last traded at $7.89, with a volume of 183,737 shares trading hands.

Kayne Anderson NextGen Energy & Infrastructure Stock Performance

The business has a 50 day moving average price of $7.67 and a two-hundred day moving average price of $7.88.

Kayne Anderson NextGen Energy & Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Wednesday, January 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date was Tuesday, January 3rd.

Institutional Trading of Kayne Anderson NextGen Energy & Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMF. Raymond James Financial Services Advisors Inc. lifted its stake in Kayne Anderson NextGen Energy & Infrastructure by 2.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 66,240 shares of the closed-end fund’s stock worth $568,000 after acquiring an additional 1,568 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Kayne Anderson NextGen Energy & Infrastructure by 6.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,151 shares of the closed-end fund’s stock worth $344,000 after acquiring an additional 2,279 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in Kayne Anderson NextGen Energy & Infrastructure in the first quarter worth $320,000. Saba Capital Management L.P. purchased a new stake in Kayne Anderson NextGen Energy & Infrastructure in the first quarter worth $1,861,000. Finally, Royal Bank of Canada lifted its stake in Kayne Anderson NextGen Energy & Infrastructure by 1.7% in the first quarter. Royal Bank of Canada now owns 205,487 shares of the closed-end fund’s stock worth $1,761,000 after acquiring an additional 3,461 shares during the period.

About Kayne Anderson NextGen Energy & Infrastructure

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Kayne Anderson NextGen Energy & Infrastructure, Inc is a closed-end management investment company. The firm focuses in securities of companies in the midstream and energy sector, consisting of Midstream Master Limited Partnerships (MLPs), Midstream Companies, Other MLPs, and Other Energy Companies. It intends to provide a high level of total return with an emphasis on making quarterly cash distributions to its stockholders.