Kayne Anderson Energy Infrastructure Fund, Inc. $KYN Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 81.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,423 shares of the financial services provider’s stock after selling 10,527 shares during the period. Ameritas Advisory Services LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $31,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 81.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,822 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 17,028 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 15.5% during the first quarter. Concurrent Investment Advisors LLC now owns 13,738 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 1,843 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 11.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 255,786 shares of the financial services provider’s stock valued at $3,282,000 after acquiring an additional 27,080 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 452,400.0% during the first quarter. Farther Finance Advisors LLC now owns 4,525 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 4,524 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 4.1% during the first quarter. Cerity Partners LLC now owns 22,323 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 881 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.5%

Shares of KYN opened at $11.90 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $13.69. The firm has a 50-day simple moving average of $12.27 and a two-hundred day simple moving average of $12.18.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, Director Michael N. Mears acquired 10,000 shares of the stock in a transaction dated Monday, October 6th. The stock was acquired at an average price of $12.24 per share, with a total value of $122,400.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at $122,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Austin Colby Parker acquired 2,500 shares of the stock in a transaction dated Monday, September 22nd. The stock was acquired at an average cost of $12.18 per share, with a total value of $30,450.00. Following the purchase, the chief financial officer owned 9,167 shares of the company’s stock, valued at approximately $111,654.06. This trade represents a 37.50% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 63,550 shares of company stock valued at $778,410.

Kayne Anderson Energy Infrastructure Fund 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.