Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.20 and traded as high as $13.55. Kayne Anderson Energy Infrastructure Fund shares last traded at $13.45, with a volume of 367,212 shares traded.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.4%

The stock has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $12.20.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) annualized dividend and a yield of 7.6%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $11.74 per share, with a total value of $293,500.00. Following the completion of the purchase, the president owned 886,040 shares in the company, valued at $10,402,109.60. This trade represents a 2.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently bought and sold shares of the stock. Secure Asset Management LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% in the fourth quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock valued at $1,118,000 after acquiring an additional 827 shares in the last quarter. D.A. Davidson & CO. lifted its position in Kayne Anderson Energy Infrastructure Fund by 3.5% in the second quarter. D.A. Davidson & CO. now owns 25,623 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 875 shares during the period. NewEdge Wealth LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 4.0% during the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,000 shares in the last quarter. Mutual Advisors LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 1,011 shares during the period. Finally, Prospera Financial Services Inc increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 3rd quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider’s stock valued at $2,182,000 after purchasing an additional 1,109 shares during the period.

Kayne Anderson Energy Infrastructure Fund Company Profile

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.