Kayne Anderson MLP Investment (KYN) Lowered to “Neutral” at Bank of America

Kayne Anderson MLP Investment (NYSE:KYN) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Thursday, The Fly reports.

KYN stock opened at $19.33 on Thursday. Kayne Anderson MLP Investment has a 12 month low of $14.38 and a 12 month high of $20.38.

Institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc purchased a new position in Kayne Anderson MLP Investment during the 1st quarter worth $189,000. Private Advisor Group LLC raised its position in Kayne Anderson MLP Investment by 27.1% during the 1st quarter. Private Advisor Group LLC now owns 14,197 shares of the financial services provider’s stock worth $234,000 after buying an additional 3,027 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in Kayne Anderson MLP Investment during the 1st quarter worth $239,000. Alpha Cubed Investments LLC raised its position in Kayne Anderson MLP Investment by 64.6% during the 1st quarter. Alpha Cubed Investments LLC now owns 16,467 shares of the financial services provider’s stock worth $271,000 after buying an additional 6,462 shares during the last quarter. Finally, Arete Wealth Advisors LLC raised its position in Kayne Anderson MLP Investment by 65.8% during the 1st quarter. Arete Wealth Advisors LLC now owns 16,680 shares of the financial services provider’s stock worth $275,000 after buying an additional 6,620 shares during the last quarter.

Kayne Anderson MLP Investment 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.

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