FSA Wealth Management LLC Buys New Holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

FSA Wealth Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,000 shares of the financial services provider’s stock, valued at approximately $33,000.

A number of other institutional investors also recently bought and sold shares of the business. Meridian Wealth Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $4,454,000. Nwam LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter worth about $1,580,000. Advisors Asset Management Inc. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 6.6% during the third quarter. Advisors Asset Management Inc. now owns 1,914,673 shares of the financial services provider’s stock worth $21,061,000 after acquiring an additional 118,246 shares during the period. Bayshore Asset Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the third quarter valued at approximately $1,232,000. Finally, Secure Asset Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $955,000.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Kayne Anderson Energy Infrastructure Fund stock opened at $13.68 on Monday. The stock’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $10.98. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $8.24 and a 12 month high of $13.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.96 annualized dividend and a yield of 7.02%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, acquired 280,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of the transaction, the insider now directly owns 280,000 shares of the company’s stock, valued at $7,000,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.