Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.43 and traded as high as $13.04. Kayne Anderson Energy Infrastructure Fund shares last traded at $13.02, with a volume of 681,655 shares traded.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The company has a 50-day moving average of $12.64 and a 200-day moving average of $11.43.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a yield of 7.37%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Large investors have recently added to or reduced their stakes in the business. Jeppson Wealth Management LLC raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.2% in the 3rd quarter. Jeppson Wealth Management LLC now owns 76,615 shares of the financial services provider’s stock worth $843,000 after buying an additional 896 shares during the period. Intellectus Partners LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 9.3% during the third quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,000 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 2nd quarter. Truist Financial Corp now owns 54,495 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,212 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,422 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 37,978 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 2,003 shares during the period.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.