NINE MASTS CAPITAL Ltd Invests $3.64 Million in Kayne Anderson MLP Midstream Invstmnt Co (KYN)

NINE MASTS CAPITAL Ltd bought a new stake in Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 204,100 shares of the financial services provider’s stock, valued at approximately $3,643,000. Kayne Anderson MLP Midstream Invstmnt makes up 0.9% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KYN. Searle & CO. bought a new position in Kayne Anderson MLP Midstream Invstmnt during the third quarter worth about $179,000. Avestar Capital LLC lifted its stake in Kayne Anderson MLP Midstream Invstmnt by 394.0% during the second quarter. Avestar Capital LLC now owns 9,978 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 7,958 shares during the period. M Holdings Securities Inc. bought a new position in Kayne Anderson MLP Midstream Invstmnt during the third quarter worth about $231,000. Steward Partners Investment Advisory LLC lifted its stake in Kayne Anderson MLP Midstream Invstmnt by 185.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 25,154 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 16,343 shares during the period. Finally, Coe Capital Management LLC lifted its stake in Kayne Anderson MLP Midstream Invstmnt by 14.9% during the third quarter. Coe Capital Management LLC now owns 25,295 shares of the financial services provider’s stock worth $452,000 after purchasing an additional 3,275 shares during the period.

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

KYN traded down $0.70 during midday trading on Thursday, reaching $15.07. 10,311 shares of the company’s stock were exchanged, compared to its average volume of 450,114. Kayne Anderson MLP Midstream Invstmnt Co has a one year low of $15.30 and a one year high of $20.38.

The firm also recently declared a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Thursday, December 20th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 11.94%. The ex-dividend date is Wednesday, December 19th.

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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.

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Want to see what other hedge funds are holding KYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kayne Anderson MLP Midstream Invstmnt Co (NYSE:KYN).

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

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