Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.30 and traded as high as $13.96. Kayne Anderson Energy Infrastructure Fund shares last traded at $13.9050, with a volume of 308,733 shares.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The stock’s 50-day moving average price is $12.71 and its 200-day moving average price is $12.30.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.085 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several large investors have recently modified their holdings of the business. D.A. Davidson & CO. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 3.5% during the 2nd 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 last quarter. Motco acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $30,000. Flagship Harbor Advisors LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 6.5% in the second quarter. Flagship Harbor Advisors LLC now owns 250,996 shares of the financial services provider’s stock valued at $3,193,000 after acquiring an additional 15,374 shares in the last quarter. Terril Brothers Inc. lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 133.0% in the second quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock valued at $13,570,000 after acquiring an additional 608,995 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 1.4% during the second quarter. Prospera Financial Services Inc now owns 175,275 shares of the financial services provider’s stock valued at $2,230,000 after acquiring an additional 2,369 shares during the last quarter.

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.