Royal Bank of Canada Has $29.17 Million Stock Holdings in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Royal Bank of Canada trimmed its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 2.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042,708 shares of the financial services provider’s stock after selling 51,879 shares during the period. Royal Bank of Canada’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $29,169,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP grew its stake in Kayne Anderson Energy Infrastructure Fund by 49.5% in the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 7,212 shares during the period. Waverly Advisors LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter worth approximately $665,000. Bridgewater Advisors Inc. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 1,073 shares during the period. Aristides Capital LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 24.7% in the 1st quarter. Aristides Capital LLC now owns 78,004 shares of the financial services provider’s stock worth $1,114,000 after purchasing an additional 15,430 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 8.4% in the 1st quarter. First Trust Advisors LP now owns 139,105 shares of the financial services provider’s stock worth $1,986,000 after purchasing an additional 10,824 shares in the last quarter.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, Director Michael J. Hennigan purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the transaction, the director owned 20,000 shares in the company, valued at $271,400. The trade was a 300.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Austin Colby Parker purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $34,975.00. Following the transaction, the chief financial officer owned 14,623 shares in the company, valued at $204,575.77. This represents a 20.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 26,121 shares of company stock worth $356,531 over the last three months.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN opened at $14.31 on Wednesday. The company has a fifty day simple moving average of $14.08 and a 200 day simple moving average of $13.85. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders 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 dividend yield of 7.5%. The ex-dividend date is Friday, August 14th.

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.