Princeton Global Asset Management LLC Has $293,000 Stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Princeton Global Asset Management LLC raised its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 33.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,850 shares of the financial services provider’s stock after buying an additional 5,750 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 1.2% during the fourth quarter. Northern Trust Corp now owns 73,249 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 858 shares during the period. Choreo LLC raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.8% during the fourth quarter. Choreo LLC now owns 32,266 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 874 shares during the period. Truist Financial Corp raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% during the fourth quarter. Truist Financial Corp now owns 57,207 shares of the financial services provider’s stock worth $727,000 after purchasing an additional 2,533 shares during the period. Captrust Financial Advisors raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 14.5% during the fourth quarter. Captrust Financial Advisors now owns 16,509 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 2,090 shares during the period. Finally, Invesco Ltd. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 21.8% during the fourth quarter. Invesco Ltd. now owns 109,686 shares of the financial services provider’s stock worth $1,394,000 after purchasing an additional 19,668 shares during the period.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.6%

NYSE:KYN opened at $12.40 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $9.72 and a 52-week high of $13.69. The stock has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $12.54.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.74%.

Insider Buying and Selling

In other news, President James C. Baker acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $11.41 per share, for a total transaction of $285,250.00. Following the completion of the acquisition, the president now owns 761,040 shares in the company, valued at $8,683,466.40. This represents a 3.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 74,350 shares of company stock worth $863,047.

Kayne Anderson Energy Infrastructure Fund Company 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.