Pallas Capital Advisors LLC Purchases Shares of 61,689 Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Pallas Capital Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 61,689 shares of the financial services provider’s stock, valued at approximately $764,000.

A number of other hedge funds also recently modified their holdings of KYN. Cadent Capital Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 1.5% in the fourth quarter. Cadent Capital Advisors LLC now owns 659,198 shares of the financial services provider’s stock worth $8,161,000 after purchasing an additional 9,434 shares during the last quarter. National Wealth Management Group LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $170,000. Uhlmann Price Securities LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $406,000. Daymark Wealth Partners LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth about $210,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 28.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,633 shares of the financial services provider’s stock valued at $246,000 after buying an additional 4,614 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN stock opened at $14.28 on Tuesday. The stock has a 50-day moving average of $13.67 and a 200-day moving average of $12.61. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $14.49.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.085 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.1%.

Insider Activity

In other news, Director Holli C. Ladhani purchased 3,600 shares of the stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $13.89 per share, for a total transaction of $50,004.00. Following the acquisition, the director owned 3,600 shares in the company, valued at $50,004. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harrison James Little purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of $14.12 per share, for a total transaction of $70,600.00. Following the transaction, the executive vice president directly owned 15,599 shares in the company, valued at approximately $220,257.88. This trade represents a 47.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 36,100 shares of company stock worth $506,154.

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.