Concorde Asset Management LLC Makes New Investment in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Concorde Asset Management LLC 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,170 shares of the financial services provider’s stock, valued at approximately $639,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after buying an additional 6,877 shares during the last quarter. First Trust Advisors LP grew its holdings in Kayne Anderson Energy Infrastructure Fund by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock worth $1,197,000 after acquiring an additional 3,384 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 13.5% during the 2nd quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 5,463 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $105,000. Finally, Cresset Asset Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $164,000.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.3%

Shares of NYSE KYN opened at $14.78 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $11.31 and a 1-year high of $15.17. The company has a 50-day moving average of $14.35 and a two-hundred day moving average of $14.06.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed 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. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, August 14th.

Insider Buying and Selling

In other news, Director Holli C. Ladhani acquired 3,621 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $13.81 per share, with a total value of $50,006.01. Following the acquisition, the director owned 7,221 shares in the company, valued at $99,722.01. This represents a 100.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carita Walker acquired 3,400 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the completion of 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 disclosure for this purchase is available in the SEC filing. Insiders purchased 27,021 shares of company stock worth $371,536 in the last quarter.

About Kayne Anderson Energy Infrastructure Fund

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.