Janney Montgomery Scott LLC Reduces Stock Holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Janney Montgomery Scott LLC lowered its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,032 shares of the financial services provider’s stock after selling 10,106 shares during the period. Janney Montgomery Scott LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KYN. Cetera Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter valued at about $137,000. US Bancorp DE grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.3% during the 3rd quarter. US Bancorp DE now owns 51,732 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 2,149 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 15.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 111,220 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 15,293 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $327,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 20.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,706 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,661 shares during the period.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the transaction, the insider now directly owns 280,000 shares in the company, valued at approximately $7,000,000. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Down 1.8 %

Shares of KYN stock opened at $12.59 on Friday. The business’s fifty day moving average is $11.58 and its 200 day moving average is $10.70. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $13.05.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.96 annualized dividend and a dividend yield of 7.63%.

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.