HB Wealth Management LLC Sells 50,360 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

HB Wealth Management LLC reduced its position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 53.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 44,421 shares of the financial services provider’s stock after selling 50,360 shares during the quarter. HB Wealth Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after buying an additional 3,100 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $61,000. JPMorgan Chase & Co. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after buying an additional 6,877 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $105,000. Finally, Fortis Capital Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at about $124,000.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani bought 3,621 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $13.81 per share, for a total transaction of $50,006.01. Following the transaction, the director directly owned 7,221 shares in the company, valued at approximately $99,722.01. This trade represents a 100.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harrison James Little bought 5,000 shares of the stock in a transaction dated Friday, April 17th. The shares were acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the acquisition, the executive vice president directly owned 20,662 shares of the company’s stock, valued at approximately $272,531.78. This trade represents a 31.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 56,121 shares of company stock worth $761,731.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock opened at $14.15 on Friday. The company’s 50-day simple moving average is $13.94 and its 200 day simple moving average is $13.56. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $11.31 and a 52 week high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

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.