Oppenheimer & Co. Inc. Acquires 35,105 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Oppenheimer & Co. Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 22.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 194,285 shares of the financial services provider’s stock after purchasing an additional 35,105 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $2,137,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE increased its stake in Kayne Anderson Energy Infrastructure Fund by 4.3% in the third quarter. US Bancorp DE now owns 51,732 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 2,149 shares in the last quarter. Cetera Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund in the 1st quarter valued at about $137,000. Cambridge Investment Research Advisors Inc. raised its stake in Kayne Anderson Energy Infrastructure Fund by 15.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 111,220 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 15,293 shares during the period. Johnson Investment Counsel Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth approximately $327,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Kayne Anderson Energy Infrastructure Fund by 20.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,706 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 2,661 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Up 1.4 %

Shares of NYSE:KYN opened at $12.68 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a twelve month low of $8.18 and a twelve month high of $13.05. The stock’s 50 day moving average is $11.62 and its 200-day moving average is $10.73.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.96 annualized dividend and a yield of 7.57%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was purchased at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the acquisition, the insider now owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.