Axxcess Wealth Management LLC Sells 3,000 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Axxcess Wealth Management LLC decreased its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,220 shares of the financial services provider’s stock after selling 3,000 shares during the period. Axxcess Wealth Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cerity Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 4.1% in the 1st quarter. Cerity Partners LLC now owns 22,323 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 881 shares during the last quarter. CWM LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 39.3% in the 1st quarter. CWM LLC now owns 3,307 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 933 shares during the last quarter. Pure Portfolios Holdings LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 4.1% in the 1st quarter. Pure Portfolios Holdings LLC now owns 31,515 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 1,248 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 2.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 62,378 shares of the financial services provider’s stock valued at $800,000 after purchasing an additional 1,540 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Kayne Anderson Energy Infrastructure Fund by 1.9% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 92,405 shares of the financial services provider’s stock valued at $1,186,000 after purchasing an additional 1,681 shares during the last quarter.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, CFO Austin Colby Parker purchased 2,500 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was purchased at an average price of $12.18 per share, with a total value of $30,450.00. Following the completion of the purchase, the chief financial officer owned 9,167 shares of the company’s stock, valued at approximately $111,654.06. The trade was a 37.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President James C. Baker purchased 25,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were acquired at an average cost of $12.20 per share, with a total value of $305,000.00. Following the purchase, the president directly owned 836,040 shares of the company’s stock, valued at approximately $10,199,688. The trade was a 3.08% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 38,550 shares of company stock valued at $470,660.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE:KYN opened at $11.57 on Monday. The firm has a 50 day simple moving average of $12.22 and a 200 day simple moving average of $12.15. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $9.82 and a one year high of $13.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 8.3%.

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.