Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.67 and traded as high as $14.92. Kayne Anderson Energy Infrastructure Fund shares last traded at $14.77, with a volume of 403,790 shares changing hands.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The firm has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $13.67.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.09 dividend. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, Director Michael J. Hennigan bought 15,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the acquisition, the director owned 20,000 shares in the company, valued at approximately $271,400. This represents a 300.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Holli C. Ladhani bought 3,621 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $13.81 per share, with a total value of $50,006.01. Following the acquisition, the director owned 7,221 shares in the company, valued at approximately $99,722.01. This represents a 100.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 51,121 shares of company stock worth $695,781 in the last ninety days.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in Kayne Anderson Energy Infrastructure Fund by 1.3% in the fourth quarter. Morgan Stanley now owns 10,143,636 shares of the financial services provider’s stock valued at $125,578,000 after acquiring an additional 131,366 shares in the last quarter. Bank of America Corp DE increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 5.8% during the second quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock worth $59,367,000 after purchasing an additional 256,721 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 7.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,985,262 shares of the financial services provider’s stock worth $36,958,000 after purchasing an additional 203,027 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $33,366,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 1,842,657 shares of the financial services provider’s stock valued at $22,812,000 after purchasing an additional 40,966 shares during the last quarter.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.