Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) President James Baker Buys 25,000 Shares of Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James Baker purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average price of $13.99 per share, for a total transaction of $349,750.00. Following the completion of the purchase, the president owned 911,040 shares of the company’s stock, valued at approximately $12,745,449.60. This represents a 2.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.2%

NYSE:KYN opened at $14.00 on Tuesday. The stock has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $12.54. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $9.82 and a 1 year high of $14.49.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KYN. Bessemer Group Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at approximately $31,000. Allworth Financial LP grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,100 shares during the period. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $61,000. JPMorgan Chase & Co. raised its holdings in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter worth $105,000.

About Kayne Anderson Energy Infrastructure Fund

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.