Kayne Anderson Energy Infrastructure Fund, Inc. $KYN Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 29.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 624,702 shares of the financial services provider’s stock after buying an additional 141,196 shares during the quarter. Magnus Financial Group LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $8,496,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $98,000. Integrated Wealth Concepts LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $132,000. Ausdal Financial Partners Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $144,000. Axxcess Wealth Management LLC grew its stake in Kayne Anderson Energy Infrastructure Fund by 7.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the financial services provider’s stock valued at $150,000 after buying an additional 775 shares during the last quarter. Finally, Fortis Capital Management LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 14.0% in the 1st quarter. Fortis Capital Management LLC now owns 11,427 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 1,400 shares during the period.

Kayne Anderson Energy Infrastructure Fund Price Performance

Kayne Anderson Energy Infrastructure Fund stock opened at $14.09 on Thursday. 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 price is $14.44 and its two-hundred day moving average price is $14.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0950 per share. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, October 15th.

Insider Activity

In other news, Director Carita Walker bought 3,400 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $14.70 per share, with a total value of $49,980.00. Following the completion of the transaction, the director owned 3,400 shares of the company’s stock, valued at $49,980. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.