Wealth Advisory Solutions LLC Acquires 70,135 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Wealth Advisory Solutions LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 31.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 294,285 shares of the financial services provider’s stock after purchasing an additional 70,135 shares during the period. Wealth Advisory Solutions LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $3,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after purchasing an additional 256,721 shares during the last quarter. Terril Brothers Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 133.0% in the second quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock valued at $13,570,000 after purchasing an additional 608,995 shares in the last quarter. Cadent Capital Advisors LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% in the third quarter. Cadent Capital Advisors LLC now owns 649,764 shares of the financial services provider’s stock valued at $8,038,000 after purchasing an additional 23,013 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.5% during the second quarter. Lido Advisors LLC now owns 345,466 shares of the financial services provider’s stock valued at $4,394,000 after buying an additional 4,972 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 508.4% during the second quarter. City of London Investment Management Co. Ltd. now owns 343,155 shares of the financial services provider’s stock worth $4,365,000 after buying an additional 286,756 shares in the last quarter.

Insider Buying and Selling

In other news, President James C. Baker bought 25,000 shares of the company’s stock in a transaction on Monday, November 24th. The shares were purchased at an average price of $11.74 per share, with a total value of $293,500.00. Following the transaction, the president directly owned 886,040 shares in the company, valued at $10,402,109.60. This represents a 2.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE:KYN opened at $12.42 on Tuesday. The stock’s fifty day simple moving average is $12.02 and its two-hundred day simple moving average is $12.15. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $13.65.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.085 dividend. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Thursday, January 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08.

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.