Saba Capital Management L.P. Has $181,000 Stake in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Saba Capital Management L.P. reduced its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 90.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,648 shares of the financial services provider’s stock after selling 126,596 shares during the period. Saba Capital Management L.P.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $181,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Allworth Financial LP raised its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,100 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $61,000. JPMorgan Chase & Co. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 6,877 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth about $105,000. Finally, Fortis Capital Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth about $124,000.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.4%

Shares of NYSE KYN opened at $14.37 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $11.31 and a fifty-two week high of $15.17. The firm’s 50-day simple moving average is $14.06 and its 200 day simple moving average is $13.78.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.09 dividend. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Wednesday, July 15th.

Insider Activity

In related news, Director Michael J. Hennigan bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of $13.57 per share, with a total value of $203,550.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $271,400. This represents a 300.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Holli C. Ladhani purchased 3,621 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $13.81 per share, with a total value of $50,006.01. Following the acquisition, the director directly owned 7,221 shares of the company’s stock, valued at $99,722.01. This represents a 100.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 26,121 shares of company stock worth $356,531 over the last 90 days.

Kayne Anderson Energy Infrastructure Fund Company Profile

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.