OneDigital Investment Advisors LLC Invests $997,000 in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

OneDigital Investment Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 72,072 shares of the financial services provider’s stock, valued at approximately $997,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,100 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $61,000. JPMorgan Chase & Co. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $105,000. Finally, Fortis Capital Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at about $124,000.

Insider Transactions 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 shares were acquired at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Holli C. Ladhani purchased 3,621 shares of the company’s 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 completion of the transaction, the director directly owned 7,221 shares of the company’s stock, valued at approximately $99,722.01. This represents a 100.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 23,621 shares of company stock valued at $321,556.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN opened at $14.75 on Tuesday. The company’s 50-day moving average price is $14.19 and its 200-day moving average price is $13.98. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $15.17.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

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.