Kayne Anderson MLP Midstream Invstmnt Co (KYN) Shares Sold by BB&T Securities LLC

BB&T Securities LLC reduced its stake in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,053 shares of the financial services provider’s stock after selling 13,338 shares during the period. BB&T Securities LLC’s holdings in Kayne Anderson MLP Midstream Invstmnt were worth $2,849,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KYN. Intercontinental Wealth Advisors LLC bought a new position in shares of Kayne Anderson MLP Midstream Invstmnt during the fourth quarter valued at approximately $34,000. M Holdings Securities Inc. bought a new position in shares of Kayne Anderson MLP Midstream Invstmnt during the third quarter valued at approximately $231,000. Fiduciary Trust Co. bought a new position in shares of Kayne Anderson MLP Midstream Invstmnt during the fourth quarter valued at approximately $184,000. Corrado Advisors LLC bought a new position in shares of Kayne Anderson MLP Midstream Invstmnt during the fourth quarter valued at approximately $188,000. Finally, Ford Financial Group Inc. bought a new position in shares of Kayne Anderson MLP Midstream Invstmnt during the fourth quarter valued at approximately $190,000.

NYSE KYN opened at $15.66 on Thursday. Kayne Anderson MLP Midstream Invstmnt Co has a 52-week low of $12.26 and a 52-week high of $19.85.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.20%.

In other Kayne Anderson MLP Midstream Invstmnt news, President James C. Baker acquired 10,000 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were purchased at an average cost of $13.67 per share, for a total transaction of $136,700.00. Following the completion of the purchase, the president now owns 217,039 shares in the company, valued at $2,966,923.13. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jody Meraz acquired 2,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the vice president now owns 27,484 shares of the company’s stock, valued at approximately $385,325.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 44,000 shares of company stock worth $594,340.

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About Kayne Anderson MLP Midstream Invstmnt

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: What are the Different Types of Leveraged Buyouts?

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

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