PNC Financial Services Group Inc. Acquires 1,169 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

PNC Financial Services Group Inc. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,616 shares of the financial services provider’s stock after buying an additional 1,169 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 15.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,552 shares of the financial services provider’s stock valued at $236,000 after buying an additional 2,432 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at approximately $33,724,000. Wealth Advisory Solutions LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 436.5% during the fourth quarter. Wealth Advisory Solutions LLC now owns 132,661 shares of the financial services provider’s stock valued at $1,686,000 after buying an additional 107,933 shares during the last quarter. Bard Associates Inc. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 23.5% during the fourth quarter. Bard Associates Inc. now owns 66,954 shares of the financial services provider’s stock valued at $851,000 after buying an additional 12,750 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 47,612 shares of the financial services provider’s stock valued at $605,000 after buying an additional 2,343 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.3 %

Shares of NYSE KYN opened at $12.68 on Wednesday. The stock has a 50 day moving average price of $12.91 and a 200 day moving average price of $12.37. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.29 and a 52-week high of $13.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.08 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.57%.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other news, EVP Harrison James Little purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $13.04 per share, for a total transaction of $65,200.00. Following the completion of the acquisition, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $65,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President James C. Baker purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $12.27 per share, with a total value of $245,400.00. Following the acquisition, the president now directly owns 720,939 shares of the company’s stock, valued at $8,845,921.53. This trade represents a 2.85 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 45,000 shares of company stock worth $562,600.

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.