Advisors Asset Management Inc. Buys 118,246 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Advisors Asset Management Inc. boosted its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,914,673 shares of the financial services provider’s stock after purchasing an additional 118,246 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $21,061,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Axxcess Wealth Management LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 5.9% in the first quarter. Axxcess Wealth Management LLC now owns 35,951 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 2,017 shares during the last quarter. Lazard Asset Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the first quarter valued at about $188,000. Blackstone Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter worth about $430,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 7.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 140,001 shares of the financial services provider’s stock valued at $1,401,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 11.9% during the 1st quarter. Comerica Bank now owns 65,751 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 6,994 shares during the last quarter.

Insider Buying and Selling

In related news, major shareholder Metlife Investment Management, bought 280,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was acquired at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the transaction, the insider now directly owns 280,000 shares in the company, valued at approximately $7,000,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN opened at $13.05 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $13.05. The business’s fifty day moving average is $11.71 and its 200 day moving average is $10.79.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.08 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 7.36%.

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.