Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Passes Above Two Hundred Day Moving Average of $9.42

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.42 and traded as high as $10.49. Kayne Anderson Energy Infrastructure Fund shares last traded at $10.39, with a volume of 183,865 shares changing hands.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.4 %

The company’s 50-day moving average price is $9.98 and its two-hundred day moving average price is $9.42.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 28th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 8.47%. The ex-dividend date is Friday, June 28th.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of large investors have recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 18.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 19,336 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 3,000 shares during the period. Cetera Advisors LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 1st quarter worth $137,000. Cetera Investment Advisers raised its position in Kayne Anderson Energy Infrastructure Fund by 24,443.6% in the 1st quarter. Cetera Investment Advisers now owns 5,872,298 shares of the financial services provider’s stock worth $58,782,000 after purchasing an additional 5,848,372 shares during the period. Independent Wealth Network Inc. raised its position in Kayne Anderson Energy Infrastructure Fund by 4.3% in the 1st quarter. Independent Wealth Network Inc. now owns 89,062 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 3,678 shares during the period. Finally, Comerica Bank grew its holdings in Kayne Anderson Energy Infrastructure Fund by 11.9% in the 1st quarter. Comerica Bank now owns 65,751 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 6,994 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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.