Commerce Bank Takes Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Commerce Bank bought 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 Form 13F filing with the SEC. The firm bought 411,474 shares of the financial services provider’s stock, valued at approximately $5,691,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth 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 acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth approximately $61,000. JPMorgan Chase & Co. lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $98,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $105,000.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In related news, Director Holli C. Ladhani acquired 3,621 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was bought 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 approximately $99,722.01. The trade was a 100.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Hennigan acquired 15,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the acquisition, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. The trade was a 300.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 27,021 shares of company stock worth $371,536 over the last 90 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $14.59 on Monday. The company has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $14.02. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $15.17.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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.