Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Major Shareholder Metlife Investment Management, Purchases 280,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) major shareholder Metlife Investment Management, purchased 280,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $25.00 per share, for a total transaction of $7,000,000.00. Following the transaction, the insider now directly owns 280,000 shares in the company, valued at $7,000,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock traded up $0.12 during trading on Friday, hitting $11.12. The company had a trading volume of 607,263 shares, compared to its average volume of 471,710. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $7.87 and a 1-year high of $11.20. The firm has a 50-day moving average price of $10.57 and a 200-day moving average price of $10.12.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 30th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently added to or reduced their stakes in KYN. Truist Financial Corp boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 2.3% in the 2nd quarter. Truist Financial Corp now owns 54,495 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 1,212 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 1.6% in the 1st quarter. Moloney Securities Asset Management LLC now owns 81,205 shares of the financial services provider’s stock valued at $813,000 after purchasing an additional 1,302 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 2.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,422 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 1,493 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 48,584 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 1,822 shares in the last quarter. Finally, Tranquility Partners LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 11.6% in the 2nd quarter. Tranquility Partners LLC now owns 17,852 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,851 shares in the last quarter.

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.