Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Major Shareholder Metlife Investment Management, Purchases 280,000 Shares

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) major shareholder Metlife Investment Management, purchased 280,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the purchase, the insider now directly owns 280,000 shares in the company, valued at $7,000,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE:KYN traded up $0.12 during trading on Friday, hitting $11.12. 607,263 shares of the stock were exchanged, compared to its average volume of 471,710. The company has a fifty day moving average price of $10.57 and a two-hundred day moving average price of $10.12. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $7.87 and a 12-month high of $11.20.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.24 per share. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.96 annualized dividend and a dividend yield of 8.63%.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $653,000. Cetera Investment Advisers raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 5,923,852 shares of the financial services provider’s stock worth $61,193,000 after purchasing an additional 51,554 shares during the last quarter. Truist Financial Corp raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during 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 last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,422 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Garner Asset Management Corp raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 4.3% during the 2nd quarter. Garner Asset Management Corp now owns 308,818 shares of the financial services provider’s stock worth $3,190,000 after purchasing an additional 12,591 shares during the last quarter.

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.