Penserra Capital Management LLC Trims Stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Penserra Capital Management LLC cut its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 70.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 422,470 shares of the financial services provider’s stock after selling 997,071 shares during the quarter. Penserra Capital Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter valued at about $188,000. B. Riley Wealth Advisors Inc. increased its holdings in Kayne Anderson Energy Infrastructure Fund by 7.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 140,001 shares of the financial services provider’s stock valued at $1,401,000 after purchasing an additional 9,920 shares during the last quarter. Comerica Bank raised its position in Kayne Anderson Energy Infrastructure Fund by 11.9% in the first quarter. Comerica Bank now owns 65,751 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 6,994 shares during the period. Independent Wealth Network Inc. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 4.3% during the first quarter. Independent Wealth Network Inc. now owns 89,062 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 3,678 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 24,443.6% during the first quarter. Cetera Investment Advisers now owns 5,872,298 shares of the financial services provider’s stock worth $58,782,000 after buying an additional 5,848,372 shares during the period.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the transaction, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.2 %

KYN stock opened at $13.53 on Monday. The business’s fifty day moving average price is $11.86 and its 200 day moving average price is $10.86. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12-month low of $8.24 and a 12-month high of $13.56.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 7.10%.

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.