Nations Financial Group Inc. IA ADV Has $299,000 Stock Position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Nations Financial Group Inc. IA ADV cut its holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,193 shares of the financial services provider’s stock after selling 1,502 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $299,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $46,000. Bank of New York Mellon Corp acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $103,000. Rockwood Wealth Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $122,000. Cetera Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter valued at approximately $137,000. Finally, Princeton Global Asset Management LLC boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 21.4% during the third quarter. Princeton Global Asset Management LLC now owns 13,350 shares of the financial services provider’s stock valued at $147,000 after buying an additional 2,350 shares during the last quarter.

Insider Activity

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was acquired 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 directly owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.8 %

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

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

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

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.