Visionary Wealth Advisors Takes Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Visionary Wealth Advisors bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 2nd quarter, Holdings Channel.com reports. The firm bought 36,896 shares of the financial services provider’s stock, valued at approximately $510,000.

A number of other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,100 shares during the period. International Assets Investment Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $61,000. JPMorgan Chase & Co. lifted its holdings in 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 during the last quarter. BlackRock Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $98,000. Finally, Brown Advisory Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at about $105,000.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.1%

Shares of KYN opened at $14.59 on Tuesday. The firm’s 50 day moving average is $14.27 and its 200-day moving average is $14.03. 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 Announces Dividend

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

Insider Buying and Selling

In related news, Director Michael J. Hennigan acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carita Walker acquired 3,400 shares of the business’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 transaction, the director directly owned 3,400 shares in the company, valued at approximately $49,980. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 27,021 shares of company stock worth $371,536.

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.