Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)’s share price crossed 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 Trading Up 2.4 %

The business has a 50 day simple moving average of $12.64 and a two-hundred day simple moving average of $11.43.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

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 dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 7.37%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KYN. Meridian Wealth Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter valued at about $4,454,000. Nwam LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the third quarter valued at approximately $1,580,000. Advisors Asset Management Inc. grew its position in 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 worth $21,061,000 after buying an additional 118,246 shares during the last quarter. Bayshore Asset Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at $1,232,000. Finally, HighTower Advisors LLC boosted its stake in shares of 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 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.