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. The fund primarily invests in energy-related master limited partnerships. Kayne Anderson MLP Investment Company was formed on June 4, 2004 and is domiciled in the United States.
Kayne Anderson Energy Infrastructure Fund Stock Up 3.0 %
Shares of KYN opened at $9.53 on Friday. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $7.26 and a 12-month high of $9.83. The stock's fifty day simple moving average is $8.65 and its 200-day simple moving average is $8.85.
Kayne Anderson Energy Infrastructure Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Tuesday, July 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.39%. The ex-dividend date was Friday, July 1st.
Insider Activity
In other news, major shareholder Life Insurance Co Principal purchased 120,000 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of $25.00 per share, with a total value of $3,000,000.00. Following the completion of the purchase, the insider now directly owns 646,973 shares of the company's stock, valued at approximately $16,174,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.