Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President Acquires $245,400.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) President James C. Baker purchased 20,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $12.27 per share, with a total value of $245,400.00. Following the completion of the purchase, the president now owns 720,939 shares in the company, valued at $8,845,921.53. The trade was a 2.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN opened at $12.29 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.29 and a 52-week high of $13.69. The firm has a 50 day moving average price of $12.95 and a 200 day moving average price of $12.31.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.81%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of large investors have recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the third quarter valued at about $33,000. Means Investment CO. Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at about $127,000. Mengis Capital Management Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $128,000. Powell Investment Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $136,000. Finally, Concorde Asset Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth approximately $126,000.

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.