Summit Financial LLC Makes New Investment in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Summit Financial LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 319,433 shares of the financial services provider’s stock, valued at approximately $4,060,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth approximately $33,724,000. HB Wealth Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $2,008,000. Terril Brothers Inc. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 40.2% during the 4th quarter. Terril Brothers Inc. now owns 463,080 shares of the financial services provider’s stock worth $5,886,000 after purchasing an additional 132,850 shares during the period. Wealth Advisory Solutions LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 436.5% during the 4th quarter. Wealth Advisory Solutions LLC now owns 132,661 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 107,933 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 31.6% in the 3rd quarter. HighTower Advisors LLC now owns 434,029 shares of the financial services provider’s stock valued at $4,776,000 after buying an additional 104,149 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.5 %

Shares of KYN stock opened at $12.86 on Tuesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.29 and a 1-year high of $13.69. The company has a 50-day moving average of $12.88 and a two-hundred day moving average of $12.50.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.47%.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other news, EVP Harrison James Little bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $13.04 per share, with a total value of $65,200.00. Following the purchase, the executive vice president now owns 5,000 shares in the company, valued at approximately $65,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President James C. Baker bought 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $12.27 per share, with a total value of $245,400.00. Following the completion of the acquisition, the president now directly owns 720,939 shares in the company, valued at $8,845,921.53. This trade represents a 2.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 45,000 shares of company stock worth $562,600.

Kayne Anderson Energy Infrastructure Fund Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.