Pallas Capital Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,689 shares of the financial services provider’s stock, valued at approximately $853,000.
A number of other large investors have also recently modified their holdings of the company. Morgan Stanley grew its stake in Kayne Anderson Energy Infrastructure Fund by 1.3% in the fourth quarter. Morgan Stanley now owns 10,143,636 shares of the financial services provider’s stock worth $125,578,000 after purchasing an additional 131,366 shares in the last quarter. Bank of America Corp DE raised its position in Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after purchasing an additional 256,721 shares in the last quarter. Wells Fargo & Company MN raised its position in Kayne Anderson Energy Infrastructure Fund by 7.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,985,262 shares of the financial services provider’s stock valued at $36,958,000 after purchasing an additional 203,027 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth $33,366,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 1,842,657 shares of the financial services provider’s stock worth $22,812,000 after buying an additional 40,966 shares during the period.
Kayne Anderson Energy Infrastructure Fund Price Performance
KYN opened at $14.88 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $15.17. The business’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $13.99.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
Insider Activity
In other Kayne Anderson Energy Infrastructure Fund news, Director Michael J. Hennigan bought 15,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Holli C. Ladhani purchased 3,621 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $13.81 per share, with a total value of $50,006.01. Following the acquisition, the director owned 7,221 shares in the company, valued at approximately $99,722.01. This represents a 100.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 23,621 shares of company stock worth $321,556.
Kayne Anderson Energy Infrastructure Fund Company 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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