Cadent Capital Advisors LLC Sells 261,381 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Cadent Capital Advisors LLC lowered its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 29.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 626,751 shares of the financial services provider’s stock after selling 261,381 shares during the period. Kayne Anderson Energy Infrastructure Fund comprises 2.6% of Cadent Capital Advisors LLC’s holdings, making the stock its 12th largest holding. Cadent Capital Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $7,972,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KYN. Royal Bank of Canada raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 12.2% during the first quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock valued at $28,760,000 after acquiring an additional 242,905 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Kayne Anderson Energy Infrastructure Fund by 11.5% during the first quarter. Advisors Asset Management Inc. now owns 2,059,850 shares of the financial services provider’s stock worth $26,428,000 after buying an additional 212,871 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter worth $2,450,000. RFG Advisory LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter worth $2,183,000. Finally, Cornerstone Advisors LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter worth $1,260,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $12.38 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $9.82 and a twelve month high of $13.69. The firm has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $12.23.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 15th.

Insiders Place Their Bets

In other news, President James C. Baker bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was acquired at an average price of $12.20 per share, with a total value of $305,000.00. Following the completion of the purchase, the president directly owned 836,040 shares of the company’s stock, valued at approximately $10,199,688. This represents a 3.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Austin Colby Parker bought 2,500 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were purchased at an average cost of $12.18 per share, with a total value of $30,450.00. Following the purchase, the chief financial officer directly owned 9,167 shares of the company’s stock, valued at $111,654.06. The trade was a 37.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 54,550 shares of company stock valued at $668,440 in the last three months.

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.