Cambridge Investment Research Advisors Inc. Reduces Holdings in Kayne Anderson Energy Development Co (KED)

Cambridge Investment Research Advisors Inc. trimmed its position in Kayne Anderson Energy Development Co (NYSE:KED) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,278 shares of the investment management company’s stock after selling 6,308 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Kayne Anderson Energy Development were worth $301,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Camelot Portfolios LLC boosted its position in Kayne Anderson Energy Development by 22.2% in the fourth quarter. Camelot Portfolios LLC now owns 24,093 shares of the investment management company’s stock worth $419,000 after purchasing an additional 4,376 shares during the last quarter. Legal & General Group Plc boosted its position in Kayne Anderson Energy Development by 19.5% in the third quarter. Legal & General Group Plc now owns 31,059 shares of the investment management company’s stock worth $540,000 after purchasing an additional 5,071 shares during the last quarter. Two Sigma Advisers LP boosted its position in Kayne Anderson Energy Development by 19.4% in the fourth quarter. Two Sigma Advisers LP now owns 47,400 shares of the investment management company’s stock worth $826,000 after purchasing an additional 7,700 shares during the last quarter. Wells Fargo & Company MN boosted its position in Kayne Anderson Energy Development by 22.7% in the third quarter. Wells Fargo & Company MN now owns 52,172 shares of the investment management company’s stock worth $904,000 after purchasing an additional 9,667 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Kayne Anderson Energy Development by 25.7% in the fourth quarter. Two Sigma Investments LP now owns 50,099 shares of the investment management company’s stock worth $873,000 after purchasing an additional 10,232 shares during the last quarter.

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Shares of NYSE:KED opened at $16.08 on Tuesday. Kayne Anderson Energy Development Co has a 52-week low of $14.10 and a 52-week high of $19.21.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.95%.

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Kayne Anderson Energy Development Company Profile

Kayne Anderson Energy Development Company is a close-ended balanced mutual fund launched and managed by KA Fund Advisors, LLC. The fund is co-managed by Kayne Anderson Capital Advisors, L.P. It invests in public equity and fixed income markets of the United States. The fund also invests in private equity markets.

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Institutional Ownership by Quarter for Kayne Anderson Energy Development (NYSE:KED)

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