Cornerstone Advisors LLC Invests $263,000 in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Cornerstone Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 4th quarter, Holdings Channel.com reports. The fund purchased 29,900 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other large investors also recently modified their holdings of KYN. Raymond James & Associates increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 232.8% in the 4th quarter. Raymond James & Associates now owns 3,193,349 shares of the financial services provider’s stock worth $28,038,000 after purchasing an additional 2,233,838 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at about $14,172,000. Advisors Asset Management Inc. lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 31.9% in the third quarter. Advisors Asset Management Inc. now owns 1,424,964 shares of the financial services provider’s stock valued at $11,984,000 after acquiring an additional 344,929 shares in the last quarter. Zazove Associates LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 66.9% in the fourth quarter. Zazove Associates LLC now owns 781,787 shares of the financial services provider’s stock worth $6,864,000 after acquiring an additional 313,280 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 225.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 361,012 shares of the financial services provider’s stock valued at $3,170,000 after purchasing an additional 250,048 shares during the period.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN opened at $9.97 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $7.84 and a 12 month high of $10.15. The stock’s 50 day moving average is $9.72 and its 200 day moving average is $9.04.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 8.83%. The ex-dividend date was Thursday, April 4th.

Kayne Anderson Energy Infrastructure Fund Company 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.