Cura Wealth Advisors LLC Invests $1.09 Million in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Cura Wealth Advisors LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the second quarter, according to its most recent filing with the SEC. The fund purchased 79,012 shares of the financial services provider’s stock, valued at approximately $1,093,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bridgewater Advisors Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter worth $2,555,000. Post Resch Tallon Group Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund by 5.6% during the second quarter. Post Resch Tallon Group Inc. now owns 78,545 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 4,151 shares during the last quarter. Leigh Baldwin & CO. LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 9.4% during the first quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 2,531 shares during the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.4% during the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock worth $9,895,000 after purchasing an additional 3,096 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% during the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 7,212 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Kayne Anderson Energy Infrastructure Fund stock opened at $14.81 on Monday. The firm’s 50-day moving average is $14.18 and its 200-day moving average 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 7.3%.

Insider Activity

In related news, Director Holli C. Ladhani bought 3,621 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director owned 7,221 shares of the company’s stock, valued at $99,722.01. This trade represents a 100.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Hennigan bought 15,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were bought at an average cost of $13.57 per share, with a total value of $203,550.00. Following the completion of the acquisition, the director directly owned 20,000 shares of the company’s stock, valued at approximately $271,400. The trade was a 300.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 23,621 shares of company stock worth $321,556.

Kayne Anderson Energy Infrastructure Fund 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.