Cetera Investment Advisers Sells 408,130 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Cetera Investment Advisers cut its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 9.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,883,014 shares of the financial services provider’s stock after selling 408,130 shares during the period. Cetera Investment Advisers’ holdings in Kayne Anderson Energy Infrastructure Fund were worth $55,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KYN. Indivisible Partners bought a new position in Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth $816,000. Pallas Capital Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth about $764,000. Closed End Fund Advisors Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at approximately $3,106,000. Bard Associates Inc. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% in the fourth quarter. Bard Associates Inc. now owns 587,428 shares of the financial services provider’s stock worth $7,272,000 after acquiring an additional 194,423 shares during the period. Finally, Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at about $33,366,000.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE KYN opened at $14.94 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.31 and a 1-year high of $15.17. The business has a 50 day simple moving average of $14.06 and a two-hundred day simple moving average of $13.73.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 7.2%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani bought 3,621 shares of the stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $13.81 per share, with a total value of $50,006.01. Following the purchase, the director directly owned 7,221 shares in the company, valued at $99,722.01. This trade represents a 100.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Austin Colby Parker acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the acquisition, the chief financial officer directly owned 14,623 shares in the company, valued at approximately $204,575.77. This trade represents a 20.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 51,121 shares of company stock worth $695,781 in the last ninety days.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.