Commonwealth Equity Services LLC Sells 9,658 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Commonwealth Equity Services LLC trimmed its holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Rating) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,267 shares of the financial services provider’s stock after selling 9,658 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.5% in the 1st quarter. Cetera Investment Advisers now owns 34,804 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 1,181 shares in the last quarter. Hollencrest Capital Management grew its position in Kayne Anderson Energy Infrastructure Fund by 10.0% during the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 2,000 shares during the last quarter. Journey Strategic Wealth LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 19.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 12,399 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,039 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kayne Anderson Energy Infrastructure Fund by 10.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,596 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Independent Wealth Network Inc. grew its position in Kayne Anderson Energy Infrastructure Fund by 6.4% during the 4th quarter. Independent Wealth Network Inc. now owns 44,036 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 2,666 shares during the last quarter.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, President James C. Baker purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were purchased at an average price of $8.39 per share, with a total value of $83,900.00. Following the acquisition, the president now directly owns 374,424 shares in the company, valued at approximately $3,141,417.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN stock opened at $8.15 on Tuesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a one year low of $7.76 and a one year high of $9.83. The company’s 50-day moving average is $8.31 and its 200 day moving average is $8.65.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Monday, April 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 10.31%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, April 6th.

About Kayne Anderson Energy Infrastructure Fund

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Kayne Anderson Energy Infrastructure Fund, Inc operates as a closed end management investment trust, which invests principally in equity securities of energy-related master limited partnerships. Its investment objective is to obtain high after-tax total returns for its shareholders. The company was founded on June 4, 2004 and is headquartered in Houston, TX.