Pallas Capital Advisors LLC Takes Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Pallas Capital Advisors LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,689 shares of the financial services provider’s stock, valued at approximately $853,000.

Other large investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at about $2,639,000. OneDigital Investment Advisors LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $997,000. Cura Wealth Advisors LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $1,093,000. Bridgewater Advisors Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $2,555,000. Finally, Post Resch Tallon Group Inc. lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 5.6% during the second quarter. Post Resch Tallon Group Inc. now owns 78,545 shares of the financial services provider’s stock valued at $1,086,000 after buying an additional 4,151 shares during the last quarter.

Insider Buying and Selling

In other news, Director Holli C. Ladhani purchased 3,621 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of $13.81 per share, with a total value of $50,006.01. Following the completion of the acquisition, the director owned 7,221 shares of the company’s stock, valued at $99,722.01. This trade represents a 100.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Hennigan purchased 15,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. This represents a 300.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 23,621 shares of company stock valued at $321,556 in the last three months.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN opened at $14.88 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 company’s 50-day simple moving average is $14.21 and its 200-day simple moving average is $13.99.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, August 14th.

About Kayne Anderson Energy Infrastructure Fund

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.