Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 6.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 300,789 shares of the financial services provider’s stock after buying an additional 17,569 shares during the quarter. LPL Financial LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $3,823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Means Investment CO. Inc. purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $127,000. Mengis Capital Management Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at $128,000. Powell Investment Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at $136,000. Intellectus Partners LLC raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 12.8% during the 4th quarter. Intellectus Partners LLC now owns 13,250 shares of the financial services provider’s stock worth $168,000 after buying an additional 1,500 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth about $178,000.

Insider Buying and Selling

In other news, President James C. Baker purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $12.27 per share, with a total value of $245,400.00. Following the purchase, the president now directly owns 720,939 shares of the company’s stock, valued at approximately $8,845,921.53. This trade represents a 2.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harrison James Little purchased 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $13.04 per share, with a total value 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 represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 99,350 shares of company stock worth $1,180,247 in the last ninety days.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $10.81 on Friday. The company’s 50-day moving average price is $12.50 and its 200 day moving average price is $12.51. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.88%.

About Kayne Anderson Energy Infrastructure Fund

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.