Janney Montgomery Scott LLC Sells 10,106 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Janney Montgomery Scott LLC decreased its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,032 shares of the financial services provider’s stock after selling 10,106 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during the second quarter. Truist Financial Corp now owns 54,495 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 1,212 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 2.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,422 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 1,493 shares during the last quarter. Tranquility Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 11.6% in the second quarter. Tranquility Partners LLC now owns 17,852 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 1,851 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 2.3% during the second quarter. Moloney Securities Asset Management LLC now owns 83,091 shares of the financial services provider’s stock valued at $858,000 after buying an additional 1,886 shares during the period. Finally, Axxcess Wealth Management LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5.9% during the first quarter. Axxcess Wealth Management LLC now owns 35,951 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,017 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.8 %

KYN opened at $12.59 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $8.18 and a 12 month high of $13.05. The business’s 50-day moving average price is $11.58 and its 200-day moving average price is $10.70.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.96 annualized dividend and a yield of 7.63%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, major shareholder Metlife Investment Management, bought 280,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of the acquisition, the insider now owns 280,000 shares in the company, valued at approximately $7,000,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Kayne Anderson Energy Infrastructure Fund 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.