Harbour Capital Advisors LLC Buys 127,735 Shares of Kayne Anderson MLP Investment Co. (KYN)
Harbour Capital Advisors LLC boosted its position in Kayne Anderson MLP Investment Co. (NYSE:KYN) by 1,785.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 134,891 shares of the financial services provider’s stock after buying an additional 127,735 shares during the period. Harbour Capital Advisors LLC owned 0.12% of Kayne Anderson MLP Investment worth $7,156,000 at the end of the most recent quarter.
Separately, Cornerstone Advisors Inc. boosted its stake in Kayne Anderson MLP Investment by 103.6% in the second quarter. Cornerstone Advisors Inc. now owns 40,412 shares of the financial services provider’s stock worth $762,000 after buying an additional 20,564 shares during the last quarter.
Kayne Anderson MLP Investment Co. (KYN) traded down 0.29% during midday trading on Friday, reaching $17.22. 320,743 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $18.40 and its 200 day moving average is $19.66. Kayne Anderson MLP Investment Co. has a 52 week low of $17.10 and a 52 week high of $22.15.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.80 annualized dividend and a yield of 10.45%.
Kayne Anderson MLP Investment Company 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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