Pointe Capital Management LLC lowered its position in Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 96,892 shares of the closed-end fund’s stock after selling 3,053 shares during the period. Kayne Anderson Midstream Energy Fd makes up about 1.1% of Pointe Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Pointe Capital Management LLC’s holdings in Kayne Anderson Midstream Energy Fd were worth $1,468,000 as of its most recent filing with the SEC.
Separately, Janney Montgomery Scott LLC boosted its stake in shares of Kayne Anderson Midstream Energy Fd by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the closed-end fund’s stock worth $499,000 after buying an additional 1,809 shares in the last quarter.
Shares of Kayne Anderson Midstream Energy Fd, Inc. (KMF) opened at 14.17 on Thursday. The stock has a 50 day moving average of $14.93 and a 200-day moving average of $15.65. Kayne Anderson Midstream Energy Fd, Inc. has a 52-week low of $13.57 and a 52-week high of $17.04.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend was Thursday, July 6th.
ILLEGAL ACTIVITY WARNING: “Kayne Anderson Midstream Energy Fd, Inc. (KMF) Shares Sold by Pointe Capital Management LLC” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/2799337/kayne-anderson-midstream-energy-fd-inc-kmf-shares-sold-by-pointe-capital-management-llc.html.
Kayne Anderson Midstream Energy Fd Company Profile
Kayne Anderson Midstream/Energy Fund, Inc (the Fund) is a non-diversified, closed-end investment management company. The Fund’s investment objective is to provide a high level of return with an emphasis on making quarterly cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in the securities of companies in the Midstream/Energy Sector, consisting of midstream master limited partnerships (MLPs), midstream companies, other MLPs and other energy companies.
Want to see what other hedge funds are holding KMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson Midstream Energy Fd, Inc. (NYSE:KMF).
Receive News & Ratings for Kayne Anderson Midstream Energy Fd Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson Midstream Energy Fd Inc. and related companies with MarketBeat.com's FREE daily email newsletter.