Zazove Associates LLC Sells 97,572 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Zazove Associates LLC decreased its stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 20.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 387,961 shares of the financial services provider’s stock after selling 97,572 shares during the period. Zazove Associates LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,799,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Independent Wealth Network Inc. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 1.5% in the third quarter. Independent Wealth Network Inc. now owns 104,917 shares of the financial services provider’s stock worth $1,298,000 after purchasing an additional 1,527 shares during the period. Cadent Capital Advisors LLC raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% during the third quarter. Cadent Capital Advisors LLC now owns 649,764 shares of the financial services provider’s stock valued at $8,038,000 after purchasing an additional 23,013 shares during the period. Sheets Smith Investment Management bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $238,000. NWF Advisory Services Inc. boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.3% during the 2nd quarter. NWF Advisory Services Inc. now owns 324,294 shares of the financial services provider’s stock worth $4,125,000 after purchasing an additional 4,133 shares in the last quarter. Finally, PVG Asset Management Corp acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $244,000.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $11.74 per share, with a total value of $293,500.00. Following the transaction, the president owned 886,040 shares in the company, valued at $10,402,109.60. This trade represents a 2.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael N. Mears purchased 10,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were acquired at an average price of $12.24 per share, with a total value of $122,400.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $122,400. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 60,000 shares of company stock worth $711,150 over the last ninety days.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.5%

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $12.09 on Monday. The business has a 50-day simple moving average of $11.89 and a 200 day simple moving average of $12.16. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $9.82 and a one year high of $13.65.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.085 per share. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Thursday, January 15th.

About Kayne Anderson Energy Infrastructure Fund

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.