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

by · The Cerbat Gem

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.13 and traded as high as $15.03. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.97, with a volume of 325,786 shares traded.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The business’s 50 day moving average is $14.57 and its 200 day moving average is $14.14.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, Director Carita Walker bought 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the completion of the purchase, the director directly owned 3,400 shares in the company, valued at $49,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Hennigan purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of $13.57 per share, with a total value of $203,550.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at $271,400. This represents a 300.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 23,400 shares of company stock valued at $321,530.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted 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 valued at $39,000 after buying an additional 3,100 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $61,000. JPMorgan Chase & Co. lifted its position in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares during the last quarter. BlackRock Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $98,000. Finally, Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $105,000.

About Kayne Anderson Energy Infrastructure Fund

(Get Free Report)

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.

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