Secure Asset Management LLC Purchases New Stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Secure Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 92,448 shares of the financial services provider’s stock, valued at approximately $955,000.

Several other hedge funds have also recently bought and sold shares of KYN. Principal Securities Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $34,000. Eagle Bay Advisors LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth about $37,000. NBC Securities Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $55,000. Nomura Holdings Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $97,000. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at approximately $101,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN traded up $0.18 on Friday, hitting $10.66. The company had a trading volume of 328,290 shares, compared to its average volume of 485,788. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52 week low of $7.87 and a 52 week high of $11.10. The firm has a 50 day moving average of $10.41 and a two-hundred day moving average of $9.85.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 28th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date was Friday, June 28th.

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.