Kayne Anderson MLP Investment Co. (NYSE:KYN) Shares Sold by Pointe Capital Management LLC

Pointe Capital Management LLC lowered its position in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 75,630 shares of the financial services provider’s stock after selling 5,920 shares during the period. Kayne Anderson MLP Investment comprises approximately 1.0% of Pointe Capital Management LLC’s portfolio, making the stock its 29th largest position. Pointe Capital Management LLC’s holdings in Kayne Anderson MLP Investment were worth $1,426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of KYN. Cornerstone Advisors Inc. boosted its stake in shares of Kayne Anderson MLP Investment by 103.6% in the second quarter. Cornerstone Advisors Inc. now owns 40,412 shares of the financial services provider’s stock worth $762,000 after buying an additional 20,564 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Kayne Anderson MLP Investment by 1,785.0% in the second quarter. Harbour Capital Advisors LLC now owns 134,891 shares of the financial services provider’s stock worth $7,156,000 after buying an additional 127,735 shares during the period. Schnieders Capital Management LLC boosted its stake in shares of Kayne Anderson MLP Investment by 2.0% in the second quarter. Schnieders Capital Management LLC now owns 144,493 shares of the financial services provider’s stock worth $2,724,000 after buying an additional 2,831 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Kayne Anderson MLP Investment by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 185,433 shares of the financial services provider’s stock worth $3,495,000 after buying an additional 5,986 shares during the period. Finally, Nwam LLC boosted its stake in shares of Kayne Anderson MLP Investment by 6.1% in the second quarter. Nwam LLC now owns 21,790 shares of the financial services provider’s stock worth $411,000 after buying an additional 1,245 shares during the period.

Shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) opened at 17.64 on Thursday. Kayne Anderson MLP Investment Co. has a 12 month low of $17.28 and a 12 month high of $22.15. The firm’s 50-day moving average is $18.42 and its 200-day moving average is $19.70.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.20%. The ex-dividend date of this dividend was Thursday, July 6th.

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Kayne Anderson MLP Investment Company Profile

Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.

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 Investment Co. (NYSE:KYN).

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

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