Nwam LLC reduced its position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report) by 49.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,224 shares of the financial services provider’s stock after selling 68,607 shares during the quarter. Nwam LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $890,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in KYN. Bessemer Group Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at about $61,000. JPMorgan Chase & Co. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares during the period. Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $105,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth about $126,000.
Insider Buying and Selling
In related news, EVP Harrison James Little acquired 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were purchased at an average cost of $13.19 per share, with a total value of $65,950.00. Following the transaction, the executive vice president directly owned 20,662 shares in the company, valued at approximately $272,531.78. This represents a 31.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President James C. Baker acquired 25,000 shares of the stock in a transaction dated Wednesday, April 8th. The shares were bought at an average cost of $13.67 per share, for a total transaction of $341,750.00. Following the completion of the transaction, the president owned 978,019 shares in the company, valued at approximately $13,369,519.73. This represents a 2.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 91,100 shares of company stock valued at $1,253,104 in the last 90 days.
Kayne Anderson Energy Infrastructure Fund Stock Up 1.6%
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, May 15th.
Kayne Anderson Energy Infrastructure Fund Profile
The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.
Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.
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