Baker Avenue Asset Management LP Buys Shares of 56,800 Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Baker Avenue Asset Management LP purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,800 shares of the financial services provider’s stock, valued at approximately $722,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. boosted its stake in Kayne Anderson Energy Infrastructure Fund by 3.5% during the 2nd quarter. D.A. Davidson & CO. now owns 25,623 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 875 shares during the last quarter. Good Life Advisors LLC raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.4% in the 2nd quarter. Good Life Advisors LLC now owns 56,608 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 1,348 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 62,378 shares of the financial services provider’s stock worth $800,000 after purchasing an additional 1,540 shares during the last quarter. McGowan Group Asset Management Inc. grew its stake in Kayne Anderson Energy Infrastructure Fund by 0.5% in the second quarter. McGowan Group Asset Management Inc. now owns 306,581 shares of the financial services provider’s stock worth $3,900,000 after purchasing an additional 1,676 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in Kayne Anderson Energy Infrastructure Fund by 1.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 92,405 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 1,681 shares in the last quarter.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 25,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $11.74 per share, with a total value of $293,500.00. Following the completion of the acquisition, the president owned 886,040 shares of the company’s stock, valued at approximately $10,402,109.60. This trade represents a 2.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael N. Mears purchased 10,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, October 6th. The stock was acquired at an average price of $12.24 per share, for a total transaction of $122,400.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $122,400. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 62,500 shares of company stock valued at $741,600.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $12.18 on Wednesday. The business has a 50-day moving average price of $11.90 and a 200 day moving average price of $12.18. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $9.82 and a fifty-two week high of $13.65.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, December 15th.

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.