Parallel Advisors LLC Buys 85,380 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Parallel Advisors LLC increased its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 632.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 98,880 shares of the financial services provider’s stock after purchasing an additional 85,380 shares during the period. Parallel Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Financial Services Inc boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.4% during the second quarter. Prospera Financial Services Inc now owns 175,275 shares of the financial services provider’s stock worth $2,230,000 after buying an additional 2,369 shares during the period. Parkside Financial Bank & Trust bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $33,000. Good Life Advisors LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 2.4% in the 2nd quarter. Good Life Advisors LLC now owns 56,608 shares of the financial services provider’s stock valued at $720,000 after buying an additional 1,348 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 508.4% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 343,155 shares of the financial services provider’s stock valued at $4,365,000 after acquiring an additional 286,756 shares in the last quarter. Finally, Cornerstone Advisors LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 109.5% in the 2nd quarter. Cornerstone Advisors LLC now owns 205,708 shares of the financial services provider’s stock valued at $2,617,000 after acquiring an additional 107,500 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.2%

NYSE:KYN opened at $13.94 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $9.82 and a twelve month high of $14.49. The business has a 50 day moving average price of $13.17 and a two-hundred day moving average price of $12.43.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.085 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, March 13th.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani purchased 3,600 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $13.89 per share, with a total value of $50,004.00. Following the transaction, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.