Transcend Capital Advisors LLC Reduces Stock Position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Posted by on Apr 1st, 2023

Transcend Capital Advisors LLC decreased its holdings in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Rating) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,785 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Kayne Anderson Energy Infrastructure Fund by 48.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,391 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 6,362 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 17.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,541 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 6,711 shares during the period. HighTower Advisors LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 250.4% during the first quarter. HighTower Advisors LLC now owns 100,882 shares of the financial services provider’s stock valued at $932,000 after buying an additional 72,089 shares in the last quarter. Private Advisor Group LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the first quarter valued at about $92,000. Finally, PNC Financial Services Group Inc. boosted its stake in Kayne Anderson Energy Infrastructure Fund by 10.1% during the first quarter. PNC Financial Services Group Inc. now owns 23,596 shares of the financial services provider’s stock valued at $217,000 after buying an additional 2,165 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.4 %

NYSE:KYN opened at $8.64 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 1-year low of $7.76 and a 1-year high of $9.83. The stock has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $8.73.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, April 6th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 9.72%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was bought at an average cost of $8.39 per share, with a total value of $83,900.00. Following the purchase, the president now directly owns 374,424 shares of the company’s stock, valued at $3,141,417.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Company Profile

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Kayne Anderson Energy Infrastructure Fund, Inc operates as a closed end management investment trust, which invests principally in equity securities of energy-related master limited partnerships. Its investment objective is to obtain high after-tax total returns for its shareholders. The company was founded on June 4, 2004 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for Kayne Anderson Energy Infrastructure Fund (NYSE:KYN)

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