Advisors Asset Management Inc. Reduces Holdings in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Advisors Asset Management Inc. reduced its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,801,691 shares of the financial services provider’s stock after selling 171,759 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $22,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Motco purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $30,000. Bessemer Group Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter worth about $31,000. Parkside Financial Bank & Trust purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $33,000. JPMorgan Chase & Co. grew its stake in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $105,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN opened at $13.58 on Wednesday. The company’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $12.21. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $13.64.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Insiders Place Their Bets

In related news, President James C. Baker bought 25,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $11.74 per share, for a total transaction of $293,500.00. Following the acquisition, the president directly owned 886,040 shares in the company, valued at $10,402,109.60. This represents a 2.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kayne Anderson Energy Infrastructure Fund Company Profile

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.