HighTower Advisors LLC Sells 56,915 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

HighTower Advisors LLC lowered its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,634 shares of the financial services provider’s stock after selling 56,915 shares during the quarter. HighTower Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,007,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at $31,000. Allworth Financial LP increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 3,100 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $61,000. JPMorgan Chase & Co. increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $105,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.5%

NYSE:KYN opened at $13.64 on Friday. The company has a fifty day moving average of $13.92 and a 200-day moving average of $13.18. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Friday, May 15th.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was acquired at an average price of $13.57 per share, for a total transaction of $339,250.00. Following the purchase, the president owned 1,003,019 shares of the company’s stock, valued at $13,610,967.83. This trade represents a 2.56% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harrison James Little purchased 5,000 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were acquired at an average price of $13.19 per share, with a total value of $65,950.00. Following the purchase, the executive vice president directly owned 20,662 shares in the company, valued at $272,531.78. This represents a 31.92% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 90,000 shares of company stock worth $1,238,075.

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.