HighTower Advisors LLC Sells 56,915 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

HighTower Advisors LLC lessened its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 15.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 323,634 shares of the financial services provider’s stock after selling 56,915 shares during the period. HighTower Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,007,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth $31,000. Allworth Financial LP grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th 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 in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth $61,000. JPMorgan Chase & Co. grew its stake in shares of 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 worth $88,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth $105,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.5%

NYSE KYN opened at $13.64 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1 year low of $11.31 and a 1 year high of $14.69. The company has a fifty day moving average price of $13.92 and a 200-day moving average price of $13.18.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.085 dividend. The ex-dividend date was Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, CFO Austin Colby Parker bought 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the purchase, the chief financial officer directly owned 14,623 shares in the company, valued at $204,575.77. The trade was a 20.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President James C. Baker bought 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, April 27th. The stock was purchased at an average price of $13.57 per share, with a total value of $339,250.00. Following the purchase, the president owned 1,003,019 shares in the company, valued at approximately $13,610,967.83. This represents a 2.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 90,000 shares of company stock worth $1,238,075 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.