IFC Advisors LLC Makes New $272,000 Investment in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

IFC Advisors LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,354 shares of the financial services provider’s stock, valued at approximately $272,000.

A number of other large investors also recently made changes to their positions in KYN. Royal Bank of Canada lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 12.2% in the 1st quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock valued at $28,760,000 after purchasing an additional 242,905 shares during the period. Matisse Capital acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $2,835,000. Advisors Asset Management Inc. lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 11.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,059,850 shares of the financial services provider’s stock valued at $26,428,000 after purchasing an additional 212,871 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at $2,450,000. Finally, Cornerstone Advisors LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at $1,260,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock opened at $11.85 on Tuesday. The business’s fifty day moving average is $12.28 and its 200-day moving average is $12.18. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $9.82 and a twelve month high of $13.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, CFO Austin Colby Parker acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were acquired at an average price of $12.18 per share, with a total value of $30,450.00. Following the purchase, the chief financial officer owned 9,167 shares of the company’s stock, valued at $111,654.06. This represents a 37.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael N. Mears acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of $12.24 per share, for a total transaction of $122,400.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $122,400. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 63,550 shares of company stock valued at $778,410.

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.