Royal Bank of Canada Lowers Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Royal Bank of Canada cut its stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 2.5% during the 1st quarter, Holdings Channel.com reports. The fund 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KYN. Allworth Financial LP raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,100 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $61,000. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 6,877 shares in the last quarter. Brown Advisory Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth about $105,000. Finally, Fortis Capital Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $124,000.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, Director Michael J. Hennigan bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of $13.57 per share, with a total value of $203,550.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Austin Colby Parker bought 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the purchase, the chief financial officer directly owned 14,623 shares in the company, valued at approximately $204,575.77. This trade represents a 20.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 26,121 shares of company stock worth $356,531.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.1%

NYSE:KYN opened at $14.31 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.31 and a 52 week high of $15.17. The firm has a 50-day moving average price of $14.08 and a two-hundred day moving average price of $13.85.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors 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 yield of 7.5%. The ex-dividend date is Friday, August 14th.

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.