Meridian Wealth Management LLC Acquires Shares of 404,911 Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN)

Meridian Wealth Management LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) during the third quarter, HoldingsChannel reports. The firm bought 404,911 shares of the financial services provider’s stock, valued at approximately $4,454,000.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth about $46,000. Bank of New York Mellon Corp bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth about $103,000. Rockwood Wealth Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth about $122,000. Concorde Asset Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth about $126,000. Finally, Intellectus Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 9.3% during the 3rd quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,000 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN opened at $13.37 on Friday. The company’s 50-day simple moving average is $11.81 and its two-hundred day simple moving average is $10.82. Kayne Anderson Energy Infrastructure Fund, Inc. has a 52-week low of $8.18 and a 52-week high of $13.45.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently announced 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. This represents a $0.96 annualized dividend and a yield of 7.18%. The ex-dividend date is Monday, December 16th.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, major shareholder Metlife Investment Management, bought 280,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, September 18th. The stock was bought 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 $7,000,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.