Pinnacle Associates Ltd. Buys 2,174 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Pinnacle Associates Ltd. boosted its holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,407 shares of the financial services provider’s stock after purchasing an additional 2,174 shares during the period. Pinnacle Associates Ltd.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth $46,000. Eagle Bay Advisors LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 74.4% during the 1st quarter. Eagle Bay Advisors LLC now owns 7,296 shares of the financial services provider’s stock valued at $73,000 after buying an additional 3,112 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at $103,000. Rockwood Wealth Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at $122,000. Finally, Cetera Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 1st quarter valued at $137,000.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.7 %

Shares of NYSE KYN opened at $11.57 on Monday. The business’s fifty day moving average price is $11.26 and its 200-day moving average price is $10.53. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $7.97 and a one year high of $11.90.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 8.30%.

Insider Buying and Selling

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the acquisition, the insider now owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.