Beverly Hills Private Wealth LLC Invests $2.64 Million in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Beverly Hills Private Wealth LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 190,812 shares of the financial services provider’s stock, valued at approximately $2,639,000.

Several other institutional investors also recently bought and sold shares of KYN. Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at approximately $33,366,000. Zimmer Partners LP grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% during the 4th quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock worth $6,867,000 after purchasing an additional 304,700 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 78.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 689,800 shares of the financial services provider’s stock valued at $8,540,000 after purchasing an additional 302,256 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after purchasing an additional 256,721 shares in the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $3,106,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE KYN opened at $14.81 on Monday. The company’s fifty day moving average price is $14.18 and its 200 day moving average price is $13.96. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $11.31 and a 1 year high of $15.17.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.09 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani bought 3,621 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $13.81 per share, for a total transaction of $50,006.01. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Hennigan purchased 15,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average cost of $13.57 per share, with a total value of $203,550.00. Following the acquisition, the director directly owned 20,000 shares in the company, valued at $271,400. This trade represents a 300.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 23,621 shares of company stock valued at $321,556.

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.