Fifth Third Bancorp Acquires New Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Fifth Third Bancorp bought a new position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 105,054 shares of the financial services provider’s stock, valued at approximately $1,500,000.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,100 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $61,000. JPMorgan Chase & Co. boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after buying an additional 6,877 shares during the period. Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $105,000. Finally, Fortis Capital Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $124,000.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, Director Michael J. Hennigan bought 15,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Austin Colby Parker acquired 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $13.99 per share, with a total value of $34,975.00. Following the completion of the purchase, the chief financial officer owned 14,623 shares in the company, valued at approximately $204,575.77. This represents a 20.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 51,121 shares of company stock worth $695,781 over the last three months.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock opened at $14.96 on Friday. The business has a 50 day moving average of $14.05 and a two-hundred day moving average of $13.72. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.31 and a 52 week high of $15.01.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Wednesday, July 15th.

About Kayne Anderson Energy Infrastructure Fund

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.