Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Crosses Above 200 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 Tuesday . The stock has a 200-day moving average of $11.33 and traded as high as $12.50. Kayne Anderson Energy Infrastructure Fund shares last traded at $12.46, with a volume of 153,289 shares traded.

Kayne Anderson Energy Infrastructure Fund Price Performance

The company has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $11.33.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 7.70%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Meridian Wealth Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth about $4,454,000. Nwam LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter worth about $1,580,000. Advisors Asset Management Inc. boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 6.6% in the third quarter. Advisors Asset Management Inc. now owns 1,914,673 shares of the financial services provider’s stock valued at $21,061,000 after acquiring an additional 118,246 shares during the period. Bayshore Asset Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter valued at approximately $1,232,000. Finally, HighTower Advisors LLC increased its holdings in Kayne Anderson Energy Infrastructure Fund by 31.6% during the 3rd quarter. HighTower Advisors LLC now owns 434,029 shares of the financial services provider’s stock worth $4,776,000 after acquiring an additional 104,149 shares during the period.

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.