Waverly Advisors LLC Acquires New Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Waverly Advisors LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 1st quarter, HoldingsChannel reports. The firm acquired 46,593 shares of the financial services provider’s stock, valued at approximately $665,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Indivisible Partners acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth $816,000. Closed End Fund Advisors Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at $3,106,000. Bard Associates Inc. boosted its position in Kayne Anderson Energy Infrastructure Fund by 49.5% during the fourth quarter. Bard Associates Inc. now owns 587,428 shares of the financial services provider’s stock valued at $7,272,000 after purchasing an additional 194,423 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at $33,366,000. Finally, Fifth Third Bancorp purchased a new position in Kayne Anderson Energy Infrastructure Fund in the first quarter valued at about $1,500,000.

Insider Activity

In other news, Director Holli C. Ladhani purchased 3,621 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of $13.81 per share, with a total value of $50,006.01. Following the purchase, the director owned 7,221 shares in the company, valued at $99,722.01. This represents a 100.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Hennigan purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of $13.57 per share, with a total value of $203,550.00. Following the purchase, the director owned 20,000 shares in the company, valued at $271,400. This represents a 300.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 26,121 shares of company stock worth $356,531 in the last three months.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN opened at $14.62 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $11.31 and a one year high of $15.17. The business’s 50-day moving average price is $14.07 and its two-hundred day moving average price is $13.81.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.4%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

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.