Kayne Anderson Energy Infrastructure Fund, Inc. $KYN Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lessened its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,962 shares of the financial services provider’s stock after selling 3,791 shares during the quarter. HB Wealth Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KYN. Royal Bank of Canada lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 12.2% in the 1st quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock valued at $28,760,000 after buying an additional 242,905 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 11.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,059,850 shares of the financial services provider’s stock valued at $26,428,000 after buying an additional 212,871 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at about $2,450,000. RFG Advisory LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at about $2,183,000. Finally, Cornerstone Advisors LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at about $1,260,000.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, August 20th. The stock was bought at an average price of $12.20 per share, with a total value of $305,000.00. Following the acquisition, the president owned 836,040 shares of the company’s stock, valued at $10,199,688. This trade represents a 3.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Austin Colby Parker purchased 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Monday, September 22nd. The stock was acquired at an average cost of $12.18 per share, with a total value of $30,450.00. Following the acquisition, the chief financial officer directly owned 9,167 shares in the company, valued at $111,654.06. This trade represents a 37.50% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 54,550 shares of company stock valued at $668,440.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN stock opened at $12.26 on Friday. The business has a 50-day simple moving average of $12.31 and a 200-day simple moving average of $12.23. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.82 and a 52-week high of $13.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.