Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker Purchases 25,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average price of $12.31 per share, for a total transaction of $307,750.00. Following the completion of the acquisition, the president directly owned 811,040 shares in the company, valued at $9,983,902.40. The trade was a 3.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock opened at $12.31 on Tuesday. The company’s 50-day simple moving average is $12.36 and its two-hundred day simple moving average is $12.45. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $9.72 and a one year high of $13.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.96 dividend on an annualized basis and a yield of 7.80%.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 7.5% during the fourth quarter. Bank of America Corp DE now owns 4,514,305 shares of the financial services provider’s stock worth $57,377,000 after purchasing an additional 314,226 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 0.9% in the 1st quarter. Raymond James Financial Inc. now owns 2,677,002 shares of the financial services provider’s stock valued at $34,346,000 after purchasing an additional 23,663 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 42.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,619,843 shares of the financial services provider’s stock valued at $33,298,000 after purchasing an additional 774,922 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 12.2% in the 1st quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock worth $28,760,000 after acquiring an additional 242,905 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 11.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,059,850 shares of the financial services provider’s stock worth $26,428,000 after acquiring an additional 212,871 shares during the last quarter.

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.