Commerce Bank Acquires New Position in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Commerce Bank bought a new position in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 411,474 shares of the financial services provider’s stock, valued at approximately $5,691,000.

A number of other hedge funds also recently added to or reduced their stakes in KYN. Johnson Investment Counsel Inc. boosted its position in Kayne Anderson Energy Infrastructure Fund by 2.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after buying an additional 821 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% during the first quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 947 shares during the period. Mutual Advisors LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the fourth quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 1,011 shares during the period. Bridgewater Advisors Inc. raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% in the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock valued at $2,683,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 4.8% in the first quarter. Kestra Advisory Services LLC now owns 23,424 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 1,075 shares in the last quarter.

Insider Activity

In other news, Director Holli C. Ladhani bought 3,621 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $13.81 per share, for a total transaction of $50,006.01. Following the completion of the purchase, the director owned 7,221 shares of the company’s stock, valued at approximately $99,722.01. This represents a 100.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carita Walker bought 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $14.70 per share, for a total transaction of $49,980.00. Following the acquisition, the director owned 3,400 shares of the company’s stock, valued at $49,980. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 27,021 shares of company stock worth $371,536.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.1%

NYSE:KYN opened at $14.59 on Monday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $11.31 and a 12-month high of $15.17. The stock has a fifty day moving average price of $14.25 and a 200 day moving average price of $14.02.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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.