Insider Buying: Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Major Shareholder Acquires $7,000,000.00 in Stock

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) major shareholder Metlife Investment Management, purchased 280,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the transaction, the insider now owns 280,000 shares in the company, valued at approximately $7,000,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN opened at $11.12 on Monday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $7.87 and a 52-week high of $11.20. The firm has a 50 day moving average price of $10.58 and a two-hundred day moving average price of $10.14.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be given a $0.24 dividend. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 8.63%. The ex-dividend date is Monday, September 30th.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Large investors have recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $34,000. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $46,000. Eagle Bay Advisors LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 74.4% during the first quarter. Eagle Bay Advisors LLC now owns 7,296 shares of the financial services provider’s stock worth $73,000 after buying an additional 3,112 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $103,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $97,000.

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.