Whitnell & Co. Has $3.27 Million Stake in Kayne Anderson MLP Midstream Invstmnt Co (KYN)

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Whitnell & Co. lessened its position in shares of Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 237,374 shares of the financial services provider’s stock after selling 19,175 shares during the period. Kayne Anderson MLP Midstream Invstmnt makes up 1.4% of Whitnell & Co.’s holdings, making the stock its 22nd biggest holding. Whitnell & Co.’s holdings in Kayne Anderson MLP Midstream Invstmnt were worth $3,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in shares of Kayne Anderson MLP Midstream Invstmnt by 22.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 557,691 shares of the financial services provider’s stock valued at $10,507,000 after purchasing an additional 102,835 shares during the period. Searle & CO. acquired a new position in Kayne Anderson MLP Midstream Invstmnt in the 3rd quarter valued at about $179,000. Parkside Investments LLC grew its stake in Kayne Anderson MLP Midstream Invstmnt by 7.0% in the 3rd quarter. Parkside Investments LLC now owns 514,598 shares of the financial services provider’s stock valued at $9,185,000 after buying an additional 33,813 shares during the last quarter. California Capital Advisors Inc. grew its stake in Kayne Anderson MLP Midstream Invstmnt by 47.9% in the 3rd quarter. California Capital Advisors Inc. now owns 64,901 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 21,011 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Kayne Anderson MLP Midstream Invstmnt by 185.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 25,154 shares of the financial services provider’s stock valued at $449,000 after buying an additional 16,343 shares during the last quarter.

In related news, VP Jody Meraz purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The shares were acquired at an average price of $14.02 per share, for a total transaction of $28,040.00. Following the purchase, the vice president now owns 27,484 shares in the company, valued at $385,325.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President James C. Baker bought 10,000 shares of the firm’s stock in a transaction on Monday, December 17th. The shares were acquired at an average price of $14.89 per share, for a total transaction of $148,900.00. Following the transaction, the president now owns 207,039 shares in the company, valued at $3,082,810.71. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 44,000 shares of company stock worth $594,340.

KYN traded up $0.30 on Tuesday, reaching $15.51. The company had a trading volume of 984 shares, compared to its average volume of 764,029. Kayne Anderson MLP Midstream Invstmnt Co has a fifty-two week low of $12.26 and a fifty-two week high of $19.85.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Thursday, February 14th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.44 dividend on an annualized basis and a yield of 9.28%.

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Kayne Anderson MLP Midstream Invstmnt 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.

Further Reading: Mutual Funds

Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN).

Institutional Ownership by Quarter for Kayne Anderson MLP Midstream Invstmnt (NYSE:KYN)

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