Manhattan West Asset Management LLC Takes Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Manhattan West Asset Management LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 48,038 shares of the financial services provider’s stock, valued at approximately $664,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 3,100 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at $61,000. JPMorgan Chase & Co. boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares during the last quarter. BlackRock Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth $98,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $105,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.3%

NYSE KYN opened at $14.59 on Friday. The stock has a 50-day simple moving average of $14.25 and a 200 day simple moving average of $14.01. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $11.31 and a 12 month high of $15.17.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, August 14th.

Insider Activity

In other news, Director Holli C. Ladhani acquired 3,621 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $13.81 per share, with a total value of $50,006.01. Following the purchase, the director directly owned 7,221 shares of the company’s stock, valued at $99,722.01. The trade was a 100.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Hennigan acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were purchased at an average price of $13.57 per share, with a total value of $203,550.00. Following the acquisition, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 27,021 shares of company stock valued at $371,536 in the last ninety days.

Kayne Anderson Energy Infrastructure Fund Profile

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.