Brown Advisory Inc. Acquires Shares of 2,695,180 Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,695,180 shares of the financial services provider’s stock, valued at approximately $33,366,000.

Several other institutional investors have also recently bought and sold shares of KYN. JPMorgan Chase & Co. raised 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 valued at $88,000 after purchasing an additional 6,877 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock valued at $1,197,000 after buying an additional 3,384 shares during the period. Baird Financial Group Inc. increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 13.5% in the 2nd quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock valued at $585,000 after buying an additional 5,463 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $164,000. Finally, NewEdge Advisors LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 1,727.9% in the 2nd quarter. NewEdge Advisors LLC now owns 96,350 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 91,079 shares during the period.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker bought 25,000 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $13.57 per share, with a total value of $339,250.00. Following the purchase, the president owned 1,003,019 shares of the company’s stock, valued at approximately $13,610,967.83. This represents a 2.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Harrison James Little bought 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was purchased at an average cost of $13.19 per share, with a total value of $65,950.00. Following the completion of the purchase, the executive vice president directly owned 20,662 shares in the company, valued at approximately $272,531.78. This trade represents a 31.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 93,621 shares of company stock valued at $1,288,081 over the last quarter.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN opened at $13.70 on Tuesday. The stock has a fifty day moving average of $13.89 and a 200-day moving average of $13.35. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

About Kayne Anderson Energy Infrastructure Fund

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.