Manhattan West Asset Management LLC Buys New Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Manhattan West Asset Management LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 56,702 shares of the financial services provider’s stock, valued at approximately $701,000.

Several other hedge funds also recently modified their holdings of KYN. Bank of America Corp DE raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 5.8% in the second quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock valued at $59,367,000 after buying an additional 256,721 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its position in Kayne Anderson Energy Infrastructure Fund by 402.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock worth $21,311,000 after acquiring an additional 1,379,614 shares during the last quarter. Pathstone Holdings LLC grew its stake in Kayne Anderson Energy Infrastructure Fund by 4.5% in the 3rd quarter. Pathstone Holdings LLC now owns 1,414,464 shares of the financial services provider’s stock worth $17,497,000 after acquiring an additional 60,529 shares during the period. Cadent Capital Advisors LLC grew its stake in Kayne Anderson Energy Infrastructure Fund by 3.7% in the 3rd quarter. Cadent Capital Advisors LLC now owns 649,764 shares of the financial services provider’s stock worth $8,038,000 after acquiring an additional 23,013 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Kayne Anderson Energy Infrastructure Fund by 1.2% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 395,339 shares of the financial services provider’s stock valued at $4,890,000 after acquiring an additional 4,527 shares during the last quarter.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani purchased 3,600 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $13.89 per share, with a total value of $50,004.00. Following the purchase, the director owned 3,600 shares in the company, valued at approximately $50,004. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $14.07 on Wednesday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $9.82 and a fifty-two week high of $14.49. The business’s fifty day moving average is $13.36 and its two-hundred day moving average is $12.50.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.3%.

Kayne Anderson Energy Infrastructure Fund 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.