Raymond James Financial Inc. Acquires Shares of 2,653,340 Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Raymond James Financial Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,653,340 shares of the financial services provider’s stock, valued at approximately $33,724,000.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. increased its stake in Kayne Anderson Energy Infrastructure Fund by 21.8% during the 4th quarter. Invesco Ltd. now owns 109,686 shares of the financial services provider’s stock valued at $1,394,000 after purchasing an additional 19,668 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 8.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 67,294 shares of the financial services provider’s stock worth $855,000 after acquiring an additional 5,075 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 42.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,619,843 shares of the financial services provider’s stock worth $33,298,000 after acquiring an additional 774,922 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its position in Kayne Anderson Energy Infrastructure Fund by 30.8% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 321,240 shares of the financial services provider’s stock valued at $4,083,000 after acquiring an additional 75,683 shares in the last quarter. Finally, Summit Financial LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at about $4,060,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN opened at $11.54 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $9.39 and a 52 week high of $13.69. The stock has a 50 day moving average price of $12.35 and a two-hundred day moving average price of $12.51.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.96 annualized dividend and a yield of 8.32%.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, EVP Harrison James Little bought 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $13.04 per share, with a total value of $65,200.00. Following the completion of the acquisition, the executive vice president now directly owns 5,000 shares in the company, valued at approximately $65,200. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President James C. Baker purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $12.60 per share, with a total value of $252,000.00. Following the completion of the transaction, the president now directly owns 700,939 shares of the company’s stock, valued at $8,831,831.40. The trade was a 2.94 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 99,350 shares of company stock valued at $1,180,247.

Kayne Anderson Energy Infrastructure Fund Profile

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.