Beverly Hills Private Wealth LLC Takes Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Beverly Hills Private Wealth LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 190,812 shares of the financial services provider’s stock, valued at approximately $2,639,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,100 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth about $61,000. JPMorgan Chase & Co. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $105,000. Finally, Fortis Capital Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $124,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.0%

Shares of NYSE:KYN opened at $14.81 on Monday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $15.17. The company’s 50 day moving average is $14.18 and its 200 day moving average is $13.96.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, August 14th.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani acquired 3,621 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $13.81 per share, for a total transaction of $50,006.01. Following the completion of the purchase, the director directly owned 7,221 shares of the company’s stock, valued at $99,722.01. The trade was a 100.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Hennigan acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 23,621 shares of company stock worth $321,556 over the last ninety days.

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.