Kayne Anderson Energy Infrastructure Fund, Inc. $KYN Stock Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,702 shares of the financial services provider’s stock after buying an additional 141,196 shares during the quarter. Magnus Financial Group LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $8,496,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KYN. BlackRock Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth $98,000. Integrated Wealth Concepts LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $132,000. Ausdal Financial Partners Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $144,000. Axxcess Wealth Management LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 7.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 775 shares during the last quarter. Finally, Fortis Capital Management LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 14.0% during the 1st quarter. Fortis Capital Management LLC now owns 11,427 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 1,400 shares during the last quarter.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, Director Carita Walker purchased 3,400 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $14.70 per share, with a total value of $49,980.00. Following the completion of the transaction, the director directly owned 3,400 shares in the company, valued at $49,980. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.5%

Shares of KYN stock opened at $14.09 on Thursday. The firm’s 50-day moving average is $14.44 and its 200-day moving average is $14.17. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $11.31 and a 52-week high of $15.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.0950 per share. The ex-dividend date is Thursday, October 15th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a $1.14 dividend on an annualized basis and a yield of 8.1%.

Kayne Anderson Energy Infrastructure Fund Profile

Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.

KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.

The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.