Prevail Innovative Wealth Advisors LLC Takes $1.54 Million Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Prevail Innovative Wealth Advisors LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the third quarter, HoldingsChannel.com reports. The fund purchased 124,056 shares of the financial services provider’s stock, valued at approximately $1,535,000.

A number of other large investors also recently modified their holdings of the company. City of London Investment Management Co. Ltd. grew its stake in Kayne Anderson Energy Infrastructure Fund by 508.4% during the second quarter. City of London Investment Management Co. Ltd. now owns 343,155 shares of the financial services provider’s stock valued at $4,365,000 after acquiring an additional 286,756 shares in the last quarter. Bank of America Corp DE lifted its stake in Kayne Anderson Energy Infrastructure Fund by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock worth $59,367,000 after purchasing an additional 256,721 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth approximately $1,391,000. Cornerstone Advisors LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 109.5% in the 2nd quarter. Cornerstone Advisors LLC now owns 205,708 shares of the financial services provider’s stock valued at $2,617,000 after purchasing an additional 107,500 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 1,727.9% during the 2nd quarter. NewEdge Advisors LLC now owns 96,350 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 91,079 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.4%

Kayne Anderson Energy Infrastructure Fund stock opened at $14.00 on Monday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $9.82 and a fifty-two week high of $14.49. The firm’s fifty day moving average price is $13.10 and its 200-day moving average price is $12.41.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, March 13th.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani bought 3,600 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were acquired at an average cost of $13.89 per share, for a total transaction of $50,004.00. Following the purchase, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.