HighTower Advisors LLC Has $1.75 Million Position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

HighTower Advisors LLC grew its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Rating) by 69.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,069 shares of the financial services provider’s stock after buying an additional 83,308 shares during the quarter. HighTower Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lincoln National Corp raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 5.3% in the 4th quarter. Lincoln National Corp now owns 45,489 shares of the financial services provider’s stock valued at $389,000 after buying an additional 2,304 shares in the last quarter. Mutual Advisors LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 35.6% during the 3rd quarter. Mutual Advisors LLC now owns 24,905 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 6,537 shares in the last quarter. Bessemer Group Inc. increased its position in Kayne Anderson Energy Infrastructure Fund by 981.1% during the 3rd quarter. Bessemer Group Inc. now owns 29,308 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 26,597 shares in the last quarter. Hollencrest Capital Management increased its position in Kayne Anderson Energy Infrastructure Fund by 10.0% during the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Independent Wealth Network Inc. increased its position in Kayne Anderson Energy Infrastructure Fund by 6.4% during the 4th quarter. Independent Wealth Network Inc. now owns 44,036 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 2,666 shares in the last quarter.

Insider Buying and Selling

In related news, President James C. Baker acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was acquired at an average cost of $8.39 per share, for a total transaction of $83,900.00. Following the transaction, the president now directly owns 374,424 shares in the company, valued at $3,141,417.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.1 %

KYN stock opened at $8.08 on Thursday. The company has a 50 day simple moving average of $8.30 and a 200 day simple moving average of $8.64. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $7.76 and a 1 year high of $9.83.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Monday, April 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 10.40%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 6th.

Kayne Anderson Energy Infrastructure Fund Profile

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Kayne Anderson Energy Infrastructure Fund, Inc operates as a closed end management investment trust, which invests principally in equity securities of energy-related master limited partnerships. Its investment objective is to obtain high after-tax total returns for its shareholders. The company was founded on June 4, 2004 and is headquartered in Houston, TX.