Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.43 and traded as high as $13.04. Kayne Anderson Energy Infrastructure Fund shares last traded at $13.02, with a volume of 681,655 shares changing hands.

Kayne Anderson Energy Infrastructure Fund Price Performance

The business has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $11.45.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a dividend yield of 7.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at approximately $33,000. International Assets Investment Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $46,000. Bank of New York Mellon Corp purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $103,000. Concorde Asset Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the third quarter valued at $126,000. Finally, Intellectus Partners LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 9.3% during the 3rd quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,000 shares in 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.