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

Rivernorth Capital Management LLC reduced its stake in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 54.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 438,272 shares of the financial services provider’s stock after selling 529,152 shares during the period. Rivernorth Capital Management LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $33,000. International Assets Investment Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $46,000. Bank of New York Mellon Corp purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $103,000. Concorde Asset Management LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter valued at about $126,000. Finally, Intellectus Partners LLC lifted its stake in Kayne Anderson Energy Infrastructure Fund by 9.3% in the third quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,000 shares during the last quarter.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

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

Kayne Anderson Energy Infrastructure Fund Stock Down 0.2 %

Shares of NYSE:KYN opened at $12.84 on Friday. Kayne Anderson Energy Infrastructure Fund, Inc. has a fifty-two week low of $8.29 and a fifty-two week high of $13.69. The firm’s 50-day simple moving average is $12.43 and its 200-day simple moving average is $11.18.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

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 issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Monday, December 16th.

About Kayne Anderson Energy Infrastructure Fund

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.