Saba Capital Management L.P. Sells 850,986 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Saba Capital Management L.P. trimmed its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 86.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,370 shares of the financial services provider’s stock after selling 850,986 shares during the period. Saba Capital Management L.P.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,759,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Choreo LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 2.8% in the 4th quarter. Choreo LLC now owns 32,266 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 874 shares during the period. Truist Financial Corp boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 4.6% in the 4th quarter. Truist Financial Corp now owns 57,207 shares of the financial services provider’s stock valued at $727,000 after purchasing an additional 2,533 shares during the period. Invesco Ltd. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 21.8% in 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 during the period. First Trust Advisors LP boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 49.3% in the 4th quarter. First Trust Advisors LP now owns 46,838 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 15,464 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during the 4th quarter. HighTower Advisors LLC now owns 444,114 shares of the financial services provider’s stock worth $5,645,000 after acquiring an additional 10,085 shares during the last quarter.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In related news, President James C. Baker acquired 25,000 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $11.41 per share, with a total value of $285,250.00. Following the acquisition, the president now owns 761,040 shares of the company’s stock, valued at approximately $8,683,466.40. The trade was a 3.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 94,350 shares of company stock valued at $1,115,047.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.4%

NYSE KYN opened at $12.43 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.58 and a 52-week high of $13.69. The company has a fifty day moving average of $12.04 and a 200-day moving average of $12.57.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend is Thursday, May 15th.

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.