Concorde Asset Management LLC Buys Shares of 46,170 Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Concorde Asset Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the second quarter, HoldingsChannel.com reports. The firm purchased 46,170 shares of the financial services provider’s stock, valued at approximately $639,000.

A number of other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE acquired a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $62,027,000. Brown Advisory Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $33,366,000. Bard Associates Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $8,637,000. Commerce Bank acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at approximately $5,691,000. Finally, Zimmer Partners LP increased its stake in Kayne Anderson Energy Infrastructure Fund by 121.9% in the fourth quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 304,700 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.3%

KYN opened at $14.78 on Friday. The firm’s fifty day moving average is $14.35 and its two-hundred day moving average is $14.06. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $11.31 and a twelve month high of $15.17.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a $0.09 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, Director Michael J. Hennigan acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the purchase, the director owned 20,000 shares of the company’s stock, valued at $271,400. This represents a 300.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carita Walker acquired 3,400 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $14.70 per share, for a total transaction of $49,980.00. Following the purchase, the director directly owned 3,400 shares in the company, valued at $49,980. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 27,021 shares of company stock worth $371,536 in the last quarter.

Kayne Anderson Energy Infrastructure Fund Company 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.