Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Kayne Anderson Energy Infrastructure Fund Stock Performance

The stock’s 50-day moving average is $12.67 and its 200-day moving average is $11.45.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued 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 is Wednesday, January 15th.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $33,000. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $46,000. Bank of New York Mellon Corp acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $103,000. Concorde Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at $126,000. Finally, Intellectus Partners LLC grew its stake in shares of 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 valued at $132,000 after buying an additional 1,000 shares during the period.

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.