10,669 Shares in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Purchased by Powell Investment Advisors LLC

Powell Investment Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,669 shares of the financial services provider’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truist Financial Corp raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% in the 2nd quarter. Truist Financial Corp now owns 54,495 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 1,212 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $653,000. ORG Wealth Partners LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at $445,000. Magnus Financial Group LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 19.0% during the 3rd quarter. Magnus Financial Group LLC now owns 190,570 shares of the financial services provider’s stock valued at $2,096,000 after buying an additional 30,479 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.1% during the 3rd quarter. Cadent Capital Advisors LLC now owns 903,432 shares of the financial services provider’s stock worth $9,938,000 after acquiring an additional 26,779 shares during the period.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, EVP Harrison James Little acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $13.04 per share, with a total value of $65,200.00. Following the acquisition, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $65,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $13.10 on Monday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $8.55 and a 52-week high of $13.69. The stock’s 50-day simple moving average is $12.95 and its 200 day simple moving average is $11.95.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, February 14th.

About Kayne Anderson Energy Infrastructure Fund

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.