Baird Financial Group Inc. Sells 1,730 Shares of Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF)

Baird Financial Group Inc. trimmed its stake in Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMFGet Rating) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,650 shares of the closed-end fund’s stock after selling 1,730 shares during the period. Baird Financial Group Inc.’s holdings in Kayne Anderson NextGen Energy & Infrastructure were worth $155,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Raymond James & Associates raised its stake in shares of Kayne Anderson NextGen Energy & Infrastructure by 8.3% in the 1st quarter. Raymond James & Associates now owns 3,408,260 shares of the closed-end fund’s stock valued at $29,209,000 after acquiring an additional 260,811 shares in the last quarter. Cornerstone Advisors LLC increased its position in Kayne Anderson NextGen Energy & Infrastructure by 11.3% in the 1st quarter. Cornerstone Advisors LLC now owns 908,735 shares of the closed-end fund’s stock worth $7,788,000 after buying an additional 92,052 shares during the period. Advisors Asset Management Inc. increased its position in Kayne Anderson NextGen Energy & Infrastructure by 0.3% in the 1st quarter. Advisors Asset Management Inc. now owns 884,891 shares of the closed-end fund’s stock worth $7,584,000 after buying an additional 2,992 shares during the period. Garner Asset Management Corp increased its position in Kayne Anderson NextGen Energy & Infrastructure by 13.0% in the 2nd quarter. Garner Asset Management Corp now owns 222,627 shares of the closed-end fund’s stock worth $1,672,000 after buying an additional 25,538 shares during the period. Finally, Saba Capital Management L.P. bought a new position in Kayne Anderson NextGen Energy & Infrastructure in the 1st quarter worth approximately $1,861,000.

Kayne Anderson NextGen Energy & Infrastructure Stock Down 0.3 %

Shares of NYSE KMF opened at $7.92 on Thursday. The business’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.98. Kayne Anderson NextGen Energy & Infrastructure, Inc. has a 12 month low of $6.77 and a 12 month high of $9.05.

Kayne Anderson NextGen Energy & Infrastructure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Monday, October 3rd were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 8.08%. The ex-dividend date was Friday, September 30th.

Kayne Anderson NextGen Energy & Infrastructure Company Profile

(Get Rating)

Kayne Anderson NextGen Energy & Infrastructure, Inc is a close-ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It invests in public equity markets of North America. The fund primarily invests in companies in the midstream/energy sector consisting of Midstream MLPs, Midstream Companies, Other MLPs and Other Energy companies.

Read More

Want to see what other hedge funds are holding KMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMFGet Rating).

Institutional Ownership by Quarter for Kayne Anderson NextGen Energy & Infrastructure (NYSE:KMF)

Receive News & Ratings for Kayne Anderson NextGen Energy & Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson NextGen Energy & Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.