Advisors Asset Management Inc. Has $23.48 Million Stock Position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Advisors Asset Management Inc. decreased its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,846,979 shares of the financial services provider’s stock after selling 67,694 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $23,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KYN. Raymond James Financial Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $33,724,000. Meridian Wealth Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at $4,454,000. HB Wealth Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $2,008,000. Nwam LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $1,580,000. Finally, Terril Brothers Inc. boosted its position in Kayne Anderson Energy Infrastructure Fund by 40.2% during the 4th quarter. Terril Brothers Inc. now owns 463,080 shares of the financial services provider’s stock worth $5,886,000 after acquiring an additional 132,850 shares during the period.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, EVP Harrison James Little acquired 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $13.04 per share, for a total transaction of $65,200.00. Following the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at $65,200. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President James C. Baker acquired 20,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $12.60 per share, with a total value of $252,000.00. Following the completion of the transaction, the president now directly owns 700,939 shares in the company, valued at approximately $8,831,831.40. This trade represents a 2.94 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 45,000 shares of company stock worth $562,600.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN opened at $12.64 on Tuesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $9.29 and a one year high of $13.69. The business has a 50-day moving average price of $12.91 and a two-hundred day moving average price of $12.36.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 7.60%.

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.