Kayne Anderson MLP Investment Co. (KYN) Position Increased by Cohen & Steers Inc.
Cohen & Steers Inc. boosted its holdings in shares of Kayne Anderson MLP Investment Co. (NYSE:KYN) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,908 shares of the financial services provider’s stock after purchasing an additional 30,442 shares during the quarter. Cohen & Steers Inc. owned about 0.27% of Kayne Anderson MLP Investment worth $5,704,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Kayne Anderson MLP Investment during the 2nd quarter valued at approximately $189,000. D L Carlson Investment Group Inc. bought a new stake in Kayne Anderson MLP Investment during the 2nd quarter valued at approximately $191,000. Alpha Cubed Investments LLC bought a new stake in Kayne Anderson MLP Investment during the 3rd quarter valued at approximately $196,000. Intellectus Partners LLC boosted its stake in Kayne Anderson MLP Investment by 9.9% during the 2nd quarter. Intellectus Partners LLC now owns 11,060 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,000 shares during the period. Finally, Allegis Investment Advisors LLC boosted its stake in Kayne Anderson MLP Investment by 15.7% during the 2nd quarter. Allegis Investment Advisors LLC now owns 15,500 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 2,099 shares during the period.
In other Kayne Anderson MLP Investment news, VP Ron M. Logan, Jr. bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average price of $15.75 per share, for a total transaction of $315,000.00. Following the purchase, the vice president now directly owns 30,773 shares in the company, valued at $484,674.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Kayne Anderson MLP Investment Co. (KYN) traded up $0.71 during trading hours on Tuesday, reaching $16.87. The company had a trading volume of 1,375,900 shares, compared to its average volume of 468,708. Kayne Anderson MLP Investment Co. has a 1 year low of $14.38 and a 1 year high of $22.15.
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Kayne Anderson MLP Investment 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.
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