Prospera Financial Services Inc Sells 39,197 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Prospera Financial Services Inc decreased its position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 22.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 137,187 shares of the financial services provider’s stock after selling 39,197 shares during the period. Prospera Financial Services Inc’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Secure Asset Management LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% during the 4th quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock worth $1,118,000 after acquiring an additional 827 shares during the period. NewEdge Wealth LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.0% during the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 1,000 shares during the period. Mutual Advisors LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 1,011 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 1.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 94,200 shares of the financial services provider’s stock worth $1,165,000 after acquiring an additional 1,192 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 1.9% during the 4th quarter. Truist Financial Corp now owns 73,580 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 1,391 shares during the period.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.1%

KYN stock opened at $13.84 on Thursday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $14.69. The business’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $13.16.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Insiders Place Their Bets

In other news, CFO Austin Colby Parker bought 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the acquisition, the chief financial officer owned 14,623 shares of the company’s stock, valued at approximately $204,575.77. The trade was a 20.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President James C. Baker bought 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Monday, April 27th. The shares were purchased at an average price of $13.57 per share, for a total transaction of $339,250.00. Following the acquisition, the president directly owned 1,003,019 shares in the company, valued at approximately $13,610,967.83. This trade represents a 2.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 90,000 shares of company stock worth $1,238,075.

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.