Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.69 and traded as high as $14.12. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.06, with a volume of 446,579 shares traded.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The business has a 50-day simple moving average of $13.84 and a two-hundred day simple moving average of $12.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, April 15th.

Insider Buying and Selling

In related news, EVP Harrison James Little acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of $14.12 per share, with a total value of $70,600.00. Following the transaction, the executive vice president owned 15,599 shares of the company’s stock, valued at $220,257.88. The trade was a 47.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Austin Colby Parker acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of $14.32 per share, with a total value of $35,800.00. Following the completion of the transaction, the chief financial officer directly owned 12,011 shares in the company, valued at $171,997.52. This trade represents a 26.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 36,100 shares of company stock valued at $506,154 over the last 90 days.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,048 shares of the financial services provider’s stock valued at $2,501,000 after buying an additional 6,681 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 52.4% in the 4th quarter. Corient Private Wealth LLC now owns 18,637 shares of the financial services provider’s stock valued at $231,000 after buying an additional 6,409 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 12.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,977 shares of the financial services provider’s stock valued at $495,000 after buying an additional 4,277 shares during the period. Zazove Associates LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 7.0% in the 4th quarter. Zazove Associates LLC now owns 414,961 shares of the financial services provider’s stock valued at $5,137,000 after buying an additional 27,000 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 89.0% in the 4th quarter. NewEdge Advisors LLC now owns 193,086 shares of the financial services provider’s stock valued at $2,390,000 after buying an additional 90,898 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.