Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 10.0% in the second quarter, HoldingsChannel reports. The firm owned 35,979 shares of the financial services provider’s stock after selling 4,006 shares during the quarter. Moors & Cabot Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at approximately $327,000. Edgemoor Investment Advisors Inc. raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.8% during the second quarter. Edgemoor Investment Advisors Inc. now owns 142,264 shares of the financial services provider’s stock worth $1,470,000 after purchasing an additional 3,930 shares during the last quarter. Choreo LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at $284,000. PFG Investments LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $307,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $210,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE:KYN opened at $11.12 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $7.87 and a 12-month high of $11.20. The business has a 50 day moving average of $10.57 and a two-hundred day moving average of $10.12.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

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

Insider Buying and Selling

In other news, major shareholder Metlife Investment Management, acquired 280,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was bought at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the acquisition, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.