BB&T Securities LLC Grows Position in Kayne Anderson MLP Midstream Invstmnt Co (KYN)

BB&T Securities LLC increased its holdings in shares of Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 56.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,291 shares of the financial services provider’s stock after acquiring an additional 68,607 shares during the quarter. BB&T Securities LLC owned approximately 0.17% of Kayne Anderson MLP Midstream Invstmnt worth $3,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. raised its stake in Kayne Anderson MLP Midstream Invstmnt by 6.3% during the second quarter. ZWJ Investment Counsel Inc. now owns 874,684 shares of the financial services provider’s stock worth $16,479,000 after acquiring an additional 51,559 shares during the period. Wells Fargo & Company MN increased its stake in shares of Kayne Anderson MLP Midstream Invstmnt by 2.9% in the second quarter. Wells Fargo & Company MN now owns 558,930 shares of the financial services provider’s stock valued at $10,530,000 after purchasing an additional 15,949 shares during the period. Allen Investment Management LLC increased its stake in shares of Kayne Anderson MLP Midstream Invstmnt by 81.5% in the second quarter. Allen Investment Management LLC now owns 511,256 shares of the financial services provider’s stock valued at $9,632,000 after purchasing an additional 229,619 shares during the period. Parkside Investments LLC increased its stake in shares of Kayne Anderson MLP Midstream Invstmnt by 15.2% in the second quarter. Parkside Investments LLC now owns 480,785 shares of the financial services provider’s stock valued at $9,005,000 after purchasing an additional 63,525 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Kayne Anderson MLP Midstream Invstmnt by 5.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 366,306 shares of the financial services provider’s stock valued at $6,901,000 after purchasing an additional 20,057 shares during the period.

Separately, Bank of America lowered shares of Kayne Anderson MLP Midstream Invstmnt from a “buy” rating to a “neutral” rating in a research note on Thursday, August 9th.

Shares of NYSE:KYN opened at $18.53 on Friday. Kayne Anderson MLP Midstream Invstmnt Co has a 52 week low of $14.38 and a 52 week high of $20.38.

The company also recently declared a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 20th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $1.80 annualized dividend and a dividend yield of 9.71%.

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.

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

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