Closed End Fund Advisors Inc. Takes $3.11 Million Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Closed End Fund Advisors Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 250,916 shares of the financial services provider’s stock, valued at approximately $3,106,000. Kayne Anderson Energy Infrastructure Fund makes up 1.8% of Closed End Fund Advisors Inc.’s portfolio, making the stock its 15th largest holding.

Several other institutional investors have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 96,074 shares of the financial services provider’s stock valued at $1,189,000 after buying an additional 1,874 shares during the period. Edgemoor Investment Advisors Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.2% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 184,380 shares of the financial services provider’s stock valued at $2,283,000 after buying an additional 4,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 10.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 24,989 shares of the financial services provider’s stock valued at $309,000 after buying an additional 2,272 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 32,412 shares of the financial services provider’s stock valued at $401,000 after buying an additional 1,433 shares during the period. Finally, Terril Brothers Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% in the fourth quarter. Terril Brothers Inc. now owns 1,473,657 shares of the financial services provider’s stock valued at $18,244,000 after buying an additional 12,900 shares during the period.

Insider Buying and Selling

In related news, CFO Austin Colby Parker bought 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $13.99 per share, with a total value of $34,975.00. Following the completion of 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Holli C. Ladhani bought 3,621 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director owned 7,221 shares of the company’s stock, valued at $99,722.01. The trade was a 100.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 93,621 shares of company stock valued at $1,288,081.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $14.08 on Friday. The business has a fifty day simple moving average of $13.91 and a 200-day simple moving average of $13.25. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $14.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.085 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.2%.

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.