Prospera Financial Services Inc Cuts Holdings in Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Prospera Financial Services Inc trimmed its holdings in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,187 shares of the financial services provider’s stock after selling 39,197 shares during the period. Prospera Financial Services Inc’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $1,698,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 17.6% during the 3rd quarter. HighTower Advisors LLC now owns 380,549 shares of the financial services provider’s stock valued at $4,707,000 after purchasing an additional 57,029 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at $764,000. Indivisible Partners purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at $816,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at $1,535,000. Finally, Manhattan West Asset Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter valued at $701,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 1.1%

Shares of KYN opened at $13.84 on Thursday. The business’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $13.16. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $11.31 and a 12 month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, May 15th.

Insider Activity

In other news, CFO Austin Colby Parker purchased 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $13.99 per share, with a total value of $34,975.00. Following the acquisition, the chief financial officer directly owned 14,623 shares of the company’s stock, valued at $204,575.77. This represents a 20.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harrison James Little purchased 5,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of $14.12 per share, for a total transaction of $70,600.00. Following the completion of the acquisition, the executive vice president directly owned 15,599 shares in the company, valued at approximately $220,257.88. This trade represents a 47.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 90,000 shares of company stock valued at $1,238,075 in the last ninety days.

Kayne Anderson Energy Infrastructure Fund Company 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.