Sanders Morris Harris LLC bought a new position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report) in the third quarter, HoldingsChannel.com reports. The firm bought 61,200 shares of the financial services provider’s stock, valued at approximately $846,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $62,027,000. Rivernorth Capital Management LLC boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the second quarter. Rivernorth Capital Management LLC now owns 697,198 shares of the financial services provider’s stock worth $9,642,000 after buying an additional 4,302 shares during the period. Bard Associates Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $8,637,000. Commerce Bank acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $5,691,000. Finally, TSP Capital Management Group LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5.0% during the first quarter. TSP Capital Management Group LLC now owns 270,525 shares of the financial services provider’s stock worth $3,863,000 after buying an additional 12,800 shares in the last quarter.
Insiders Place Their Bets
In other Kayne Anderson Energy Infrastructure Fund news, Director Carita Walker purchased 3,400 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $14.70 per share, with a total value of $49,980.00. Following the purchase, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Kayne Anderson Energy Infrastructure Fund Trading Down 0.9%
Kayne Anderson Energy Infrastructure Fund Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0950 per share. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.14 dividend on an annualized basis and a yield of 8.0%.
Kayne Anderson Energy Infrastructure Fund Profile
Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.
KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.
The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.
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Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Free Report).
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