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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $11.41 per share, with a total value of $285,250.00. Following the transaction, the president now owns 761,040 shares of the company’s stock, valued at $8,683,466.40. This represents a 3.40 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Kayne Anderson Energy Infrastructure Fund stock opened at $10.53 on Wednesday. The firm has a 50-day moving average of $12.64 and a 200-day moving average of $12.53. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $9.29 and a one year high of $13.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.96 dividend on an annualized basis and a yield of 9.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KYN. Raymond James Financial Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at $33,724,000. Wells Fargo & Company MN lifted its stake in Kayne Anderson Energy Infrastructure Fund by 42.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,619,843 shares of the financial services provider’s stock valued at $33,298,000 after acquiring an additional 774,922 shares during the last quarter. Summit Financial LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $4,060,000. Bank of America Corp DE increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 7.5% during the 4th 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 during the last quarter. Finally, Leigh Baldwin & CO. LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $3,849,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.